Federated Hermes Inc. Sells 6,630 Shares of Ennis, Inc. (NYSE:EBF)

Federated Hermes Inc. decreased its position in Ennis, Inc. (NYSE:EBF) by 19.9% during the 4th quarter, Holdings Channel reports. The firm owned 26,647 shares of the industrial products company’s stock after selling 6,630 shares during the period. Federated Hermes Inc.’s holdings in Ennis were worth $584,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in Ennis by 10.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 760,567 shares of the industrial products company’s stock worth $16,139,000 after acquiring an additional 70,755 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Ennis by 74.5% in the third quarter. GSA Capital Partners LLP now owns 74,268 shares of the industrial products company’s stock worth $1,576,000 after buying an additional 31,702 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Ennis by 4.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,790 shares of the industrial products company’s stock valued at $14,086,000 after purchasing an additional 28,263 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Ennis by 75.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 57,287 shares of the industrial products company’s stock worth $1,216,000 after purchasing an additional 24,602 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in Ennis by 15.2% in the third quarter. Los Angeles Capital Management LLC now owns 106,801 shares of the industrial products company’s stock worth $2,266,000 after acquiring an additional 14,120 shares during the period. 74.33% of the stock is owned by hedge funds and other institutional investors.

Ennis Stock Down 0.2 %

Shares of Ennis stock opened at $20.23 on Friday. The firm has a market cap of $523.55 million, a PE ratio of 12.34 and a beta of 0.45. Ennis, Inc. has a twelve month low of $18.88 and a twelve month high of $23.17. The business has a 50-day moving average price of $19.95 and a 200 day moving average price of $20.75.

Ennis (NYSE:EBF) last released its earnings results on Monday, April 22nd. The industrial products company reported $0.39 EPS for the quarter. The business had revenue of $97.43 million during the quarter. Ennis had a net margin of 10.14% and a return on equity of 12.43%.

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Monday, April 15th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 12th. This represents a $1.00 dividend on an annualized basis and a yield of 4.94%. Ennis’s payout ratio is presently 60.98%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Ennis from a “strong-buy” rating to a “buy” rating in a report on Friday.

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.