Ennis, Inc. (NYSE:EBF) Shares Sold by Cwm LLC

Cwm LLC lessened its stake in Ennis, Inc. (NYSE:EBF) by 74.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,069 shares of the industrial products company’s stock after selling 6,109 shares during the period. Cwm LLC’s holdings in Ennis were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EBF. Swiss National Bank grew its stake in shares of Ennis by 2.0% in the 3rd quarter. Swiss National Bank now owns 56,900 shares of the industrial products company’s stock valued at $1,207,000 after purchasing an additional 1,100 shares during the last quarter. Lazard Asset Management LLC grew its position in Ennis by 14.3% in the 3rd quarter. Lazard Asset Management LLC now owns 15,635 shares of the industrial products company’s stock valued at $331,000 after buying an additional 1,959 shares during the last quarter. Millington Financial Advisors LLC increased its stake in Ennis by 5.4% in the 3rd quarter. Millington Financial Advisors LLC now owns 46,125 shares of the industrial products company’s stock valued at $979,000 after buying an additional 2,381 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ennis by 101.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,343 shares of the industrial products company’s stock worth $139,000 after buying an additional 3,199 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Ennis by 1.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 342,083 shares of the industrial products company’s stock worth $7,259,000 after acquiring an additional 3,465 shares during the period. 74.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Ennis from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd.

Ennis Price Performance

EBF opened at $20.71 on Friday. The business has a 50 day simple moving average of $19.98 and a 200-day simple moving average of $20.73. Ennis, Inc. has a 12 month low of $18.88 and a 12 month high of $23.17. The stock has a market capitalization of $535.87 million, a P/E ratio of 12.63 and a beta of 0.45.

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

Ennis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Monday, April 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date was Friday, April 12th. Ennis’s dividend payout ratio is presently 60.98%.

Ennis Company Profile

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.