GPS Wealth Strategies Group LLC Cuts Stock Holdings in Ennis, Inc. (NYSE:EBF)

GPS Wealth Strategies Group LLC decreased its position in shares of Ennis, Inc. (NYSE:EBF) by 18.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 5,801 shares of the industrial products company’s stock after selling 1,298 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Ennis were worth $117,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in shares of Ennis by 5.3% during the fourth quarter. LPL Financial LLC now owns 11,953 shares of the industrial products company’s stock valued at $252,000 after buying an additional 604 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Ennis by 0.9% during the fourth quarter. Invesco Ltd. now owns 66,581 shares of the industrial products company’s stock valued at $1,404,000 after buying an additional 620 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of Ennis by 8.5% during the fourth quarter. MetLife Investment Management LLC now owns 15,648 shares of the industrial products company’s stock valued at $330,000 after buying an additional 1,221 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Ennis by 30.5% during the first quarter. Parallel Advisors LLC now owns 5,935 shares of the industrial products company’s stock valued at $119,000 after buying an additional 1,386 shares during the last quarter. Finally, Vestcor Inc grew its holdings in shares of Ennis by 3.7% during the fourth quarter. Vestcor Inc now owns 50,049 shares of the industrial products company’s stock valued at $1,056,000 after buying an additional 1,789 shares during the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Ennis from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 22nd.

Insider Transactions at Ennis

In other news, Director Michael J. Schaefer sold 9,612 shares of Ennis stock in a transaction on Friday, April 25th. The shares were sold at an average price of $17.94, for a total transaction of $172,439.28. Following the transaction, the director now owns 49,987 shares in the company, valued at $896,766.78. This trade represents a 16.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 19,873 shares of company stock worth $357,330 in the last 90 days. 3.50% of the stock is currently owned by insiders.

Ennis Trading Down 2.2%

NYSE:EBF opened at $18.43 on Friday. Ennis, Inc. has a 12 month low of $17.15 and a 12 month high of $25.75. The company has a market cap of $480.16 million, a PE ratio of 11.59 and a beta of 0.48. The company has a 50 day simple moving average of $18.69 and a two-hundred day simple moving average of $20.08.

Ennis (NYSE:EBF) last posted its earnings results on Monday, April 21st. The industrial products company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Ennis had a return on equity of 12.16% and a net margin of 10.35%. The company had revenue of $92.70 million during the quarter, compared to the consensus estimate of $95.60 million.

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 14th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.43%. The ex-dividend date was Monday, April 14th. Ennis’s dividend payout ratio is presently 64.52%.

About Ennis

Ennis, Inc 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, 360º 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, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.