Rhumbline Advisers Acquires 16,943 Shares of Ennis, Inc. (NYSE:EBF)

Rhumbline Advisers boosted its stake in Ennis, Inc. (NYSE:EBF) by 24.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,639 shares of the industrial products company’s stock after buying an additional 16,943 shares during the quarter. Rhumbline Advisers owned approximately 0.33% of Ennis worth $1,741,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EBF. LPL Financial LLC boosted its position in Ennis by 5.3% in the fourth quarter. LPL Financial LLC now owns 11,953 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 604 shares during the last quarter. Invesco Ltd. raised its position in shares of Ennis by 0.9% in the fourth quarter. Invesco Ltd. now owns 66,581 shares of the industrial products company’s stock valued at $1,404,000 after purchasing an additional 620 shares during the period. MetLife Investment Management LLC raised its holdings in Ennis by 8.5% during the 4th quarter. MetLife Investment Management LLC now owns 15,648 shares of the industrial products company’s stock valued at $330,000 after acquiring an additional 1,221 shares during the period. Parallel Advisors LLC lifted its holdings in Ennis by 30.5% during the 1st quarter. Parallel Advisors LLC now owns 5,935 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 1,386 shares in the last quarter. Finally, Vestcor Inc grew its stake in 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 acquiring an additional 1,789 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Ennis Trading Down 0.3%

Shares of Ennis stock opened at $18.66 on Wednesday. The firm has a market capitalization of $486.09 million, a PE ratio of 12.04 and a beta of 0.48. The business’s 50-day moving average price is $18.67 and its 200-day moving average price is $20.04. Ennis, Inc. has a 12 month low of $17.15 and a 12 month high of $25.75.

Ennis (NYSE:EBF) last posted its quarterly earnings results on Monday, April 21st. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). The business had revenue of $92.70 million for the quarter, compared to analysts’ expectations of $95.60 million. Ennis had a net margin of 10.19% and a return on equity of 12.26%.

Ennis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date was Monday, April 14th. Ennis’s payout ratio is 64.52%.

Insider Activity at Ennis

In related news, Director Michael J. Schaefer sold 9,612 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $17.94, for a total value of $172,439.28. Following the completion of the transaction, the director now directly owns 49,987 shares of the company’s stock, valued at $896,766.78. This represents a 16.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 19,873 shares of company stock worth $357,330 in the last 90 days. Company insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

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

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.