Charles Schwab Investment Management Inc. Sells 51,854 Shares of Ennis, Inc. (NYSE:EBF)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Ennis, Inc. (NYSE:EBF) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 269,714 shares of the industrial products company’s stock after selling 51,854 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.04% of Ennis worth $5,688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EBF. GPS Wealth Strategies Group LLC raised its holdings in shares of Ennis by 10.3% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 663 shares in the last quarter. FMR LLC increased its position in shares of Ennis by 34.6% in the third quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 855 shares during the last quarter. SG Americas Securities LLC raised its stake in Ennis by 46.0% in the fourth quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 1,951 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Ennis by 8,888.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 4,000 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Ennis by 14.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 37,033 shares of the industrial products company’s stock worth $901,000 after buying an additional 4,619 shares in the last quarter. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

Ennis Stock Down 2.9 %

Shares of EBF stock opened at $19.64 on Tuesday. The business has a 50-day moving average price of $20.86 and a two-hundred day moving average price of $21.47. Ennis, Inc. has a 12-month low of $18.88 and a 12-month high of $25.75. The firm has a market cap of $510.77 million, a P/E ratio of 12.35 and a beta of 0.40.

Ennis (NYSE:EBF) last released its earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Ennis Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.09%. Ennis’s payout ratio is 62.89%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Ennis from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st.

About Ennis

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.