The Manufacturers Life Insurance Company Has $250,000 Stock Position in Ennis, Inc. (NYSE:EBF)

The Manufacturers Life Insurance Company lessened its stake in shares of Ennis, Inc. (NYSE:EBF) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,265 shares of the industrial products company’s stock after selling 521 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ennis were worth $250,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EBF. Point72 Asset Management L.P. acquired a new stake in shares of Ennis during the 2nd quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ennis in the second quarter valued at approximately $54,000. CWM LLC grew its position in shares of Ennis by 97.0% during the 2nd quarter. CWM LLC now owns 3,849 shares of the industrial products company’s stock worth $84,000 after buying an additional 1,895 shares during the period. SG Americas Securities LLC acquired a new position in Ennis during the 3rd quarter worth approximately $103,000. Finally, Inspire Advisors LLC acquired a new stake in Ennis in the 2nd quarter valued at $206,000. Institutional investors and hedge funds own 74.33% of the company’s stock.

Ennis Price Performance

NYSE EBF opened at $21.53 on Tuesday. The stock has a market capitalization of $559.74 million, a price-to-earnings ratio of 13.54 and a beta of 0.41. Ennis, Inc. has a one year low of $18.88 and a one year high of $25.75. The business’s fifty day moving average is $21.33 and its 200-day moving average is $22.25.

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

Ennis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.65%. The ex-dividend date was Friday, October 11th. Ennis’s dividend payout ratio is presently 63.29%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Ennis from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 11th.

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.