The Manufacturers Life Insurance Company Buys 534 Shares of Ennis, Inc. (NYSE:EBF)

The Manufacturers Life Insurance Company lifted its stake in shares of Ennis, Inc. (NYSE:EBF) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,786 shares of the industrial products company’s stock after purchasing an additional 534 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Ennis were worth $236,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EBF. Hennion & Walsh Asset Management Inc. grew its position in Ennis by 11.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 61,646 shares of the industrial products company’s stock worth $1,264,000 after buying an additional 6,139 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Ennis by 6.9% during the first quarter. Commonwealth Equity Services LLC now owns 27,579 shares of the industrial products company’s stock worth $566,000 after buying an additional 1,792 shares in the last quarter. North Star Investment Management Corp. grew its position in Ennis by 7.1% during the first quarter. North Star Investment Management Corp. now owns 45,000 shares of the industrial products company’s stock worth $923,000 after buying an additional 3,000 shares in the last quarter. BNP Paribas Financial Markets grew its position in Ennis by 69.4% during the first quarter. BNP Paribas Financial Markets now owns 16,109 shares of the industrial products company’s stock worth $330,000 after buying an additional 6,600 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Ennis by 7.3% during the first quarter. Janney Montgomery Scott LLC now owns 33,276 shares of the industrial products company’s stock worth $682,000 after buying an additional 2,273 shares in the last quarter. 74.33% of the stock is currently owned by institutional investors.

Ennis Stock Down 1.8 %

Ennis stock opened at $20.86 on Friday. The business has a 50-day simple moving average of $23.24 and a 200 day simple moving average of $21.94. Ennis, Inc. has a 52 week low of $18.88 and a 52 week high of $25.75. The stock has a market cap of $541.90 million, a price-to-earnings ratio of 13.03 and a beta of 0.40.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, September 23rd. The industrial products company reported $0.40 earnings per share (EPS) for the quarter. Ennis had a return on equity of 11.64% and a net margin of 10.15%. The firm had revenue of $99.04 million during the quarter.

Ennis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Friday, October 11th. Ennis’s payout ratio is currently 62.50%.

Analyst Ratings Changes

Separately, StockNews.com cut Ennis from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 25th.

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.