Millennium Management LLC Acquires 39,270 Shares of Ennis, Inc. (NYSE:EBF)

Millennium Management LLC boosted its holdings in Ennis, Inc. (NYSE:EBF) by 423.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,554 shares of the industrial products company’s stock after acquiring an additional 39,270 shares during the quarter. Millennium Management LLC owned 0.19% of Ennis worth $1,024,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in Ennis in the fourth quarter valued at about $65,000. SG Americas Securities LLC lifted its position in shares of Ennis by 46.0% during the fourth quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company’s stock worth $131,000 after purchasing an additional 1,951 shares in the last quarter. Bridgeway Capital Management LLC acquired a new position in Ennis in the fourth quarter valued at approximately $209,000. Ieq Capital LLC acquired a new position in Ennis in the fourth quarter valued at approximately $217,000. Finally, LPL Financial LLC lifted its holdings in Ennis by 5.3% in 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 period. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Michael J. Schaefer sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $17.86, for a total value of $35,720.00. Following the transaction, the director now owns 30,747 shares in the company, valued at approximately $549,141.42. The trade was a 6.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 19,873 shares of company stock valued at $357,330 in the last ninety days. 3.50% of the stock is currently owned by insiders.

Ennis Price Performance

Shares of NYSE EBF opened at $18.53 on Friday. The business has a 50-day moving average of $18.80 and a 200-day moving average of $20.17. The stock has a market capitalization of $482.87 million, a price-to-earnings ratio of 11.66 and a beta of 0.46. Ennis, Inc. has a fifty-two week low of $17.15 and a fifty-two week high of $25.75.

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

Ennis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend was Monday, April 14th. Ennis’s payout ratio is 64.52%.

Ennis 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.