LSV Asset Management Trims Holdings in Ennis, Inc. (NYSE:EBF)

LSV Asset Management reduced its holdings in shares of Ennis, Inc. (NYSE:EBF) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 561,880 shares of the industrial products company’s stock after selling 7,400 shares during the quarter. LSV Asset Management owned 2.16% of Ennis worth $11,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC lifted its stake in Ennis by 5.3% during 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. Geode Capital Management LLC lifted its stake in Ennis by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 723,432 shares of the industrial products company’s stock valued at $15,260,000 after buying an additional 16,508 shares during the last quarter. ExodusPoint Capital Management LP lifted its stake in Ennis by 88.7% in the fourth quarter. ExodusPoint Capital Management LP now owns 27,028 shares of the industrial products company’s stock valued at $570,000 after buying an additional 12,704 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Ennis by 22.5% in the fourth quarter. Wells Fargo & Company MN now owns 22,596 shares of the industrial products company’s stock valued at $477,000 after buying an additional 4,148 shares during the last quarter. Finally, Aviva PLC lifted its stake in Ennis by 225.1% in the fourth quarter. Aviva PLC now owns 28,612 shares of the industrial products company’s stock valued at $603,000 after buying an additional 19,812 shares during the last quarter. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Ennis Stock Performance

Shares of EBF opened at $17.90 on Tuesday. The firm has a market capitalization of $461.82 million, a price-to-earnings ratio of 11.78 and a beta of 0.48. Ennis, Inc. has a one year low of $17.15 and a one year high of $25.75. The stock’s fifty day moving average is $18.39 and its 200-day moving average is $19.39.

Ennis (NYSE:EBF) last released its earnings results on Monday, June 23rd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $97.20 million for the quarter, compared to analyst estimates of $99.30 million. Ennis had a return on equity of 12.49% and a net margin of 10.12%.

Ennis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Friday, July 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 5.6%. Ennis’s dividend payout ratio (DPR) is currently 65.79%.

Insiders Place Their Bets

In related news, Director Walter D. Gruenes purchased 5,500 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were purchased at an average price of $17.99 per share, with a total value of $98,945.00. Following the purchase, the director owned 10,743 shares of the company’s stock, valued at $193,266.57. This trade represents a 104.90% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.70% of the company’s stock.

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.