Vanguard Group Inc. decreased its stake in shares of Ennis, Inc. (NYSE:EBF) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,781,213 shares of the industrial products company’s stock after selling 5,608 shares during the period. Vanguard Group Inc. owned approximately 6.82% of Ennis worth $36,551,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Alambic Investment Management L.P. acquired a new position in Ennis during the second quarter worth $579,000. Bank of Montreal Can boosted its holdings in Ennis by 11,877.8% during the second quarter. Bank of Montreal Can now owns 2,156 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 2,138 shares during the last quarter. Aperio Group LLC boosted its holdings in Ennis by 12.6% during the second quarter. Aperio Group LLC now owns 40,590 shares of the industrial products company’s stock worth $833,000 after purchasing an additional 4,547 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in Ennis by 124.9% during the second quarter. Campbell & CO Investment Adviser LLC now owns 39,764 shares of the industrial products company’s stock worth $816,000 after purchasing an additional 22,085 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Ennis by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 359,040 shares of the industrial products company’s stock worth $7,368,000 after purchasing an additional 6,561 shares during the last quarter. 82.85% of the stock is owned by institutional investors.

Separately, Zacks Investment Research cut shares of Ennis from a “strong-buy” rating to a “sell” rating in a report on Tuesday.

EBF traded down $0.02 during trading hours on Wednesday, hitting $19.58. 5,228 shares of the company’s stock were exchanged, compared to its average volume of 165,455. Ennis, Inc. has a 1-year low of $17.35 and a 1-year high of $22.00. The stock’s 50-day moving average is $20.21 and its two-hundred day moving average is $20.00. The stock has a market cap of $518.15 million, a price-to-earnings ratio of 13.52 and a beta of 0.54. The company has a quick ratio of 2.55, a current ratio of 3.57 and a debt-to-equity ratio of 0.05.

Ennis (NYSE:EBF) last announced its earnings results on Monday, September 23rd. The industrial products company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.02). Ennis had a return on equity of 12.97% and a net margin of 8.88%. The business had revenue of $108.82 million for the quarter. On average, equities research analysts anticipate that Ennis, Inc. will post 1.45 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 11th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Thursday, October 10th. Ennis’s dividend payout ratio is currently 62.07%.

In other Ennis news, EVP Michael D. Magill sold 29,749 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $20.01, for a total value of $595,277.49. Following the completion of the sale, the executive vice president now owns 119,335 shares in the company, valued at $2,387,893.35. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.

Ennis Company Profile

Ennis, Inc designs, manufactures, and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, Specialized Printed Forms, 360 Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.

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Institutional Ownership by Quarter for Ennis (NYSE:EBF)

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