Geode Capital Management LLC Increases Stake in Ennis, Inc. (NYSE:EBF)

Geode Capital Management LLC grew its position in Ennis, Inc. (NYSE:EBF) by 5.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 706,924 shares of the industrial products company’s stock after acquiring an additional 36,187 shares during the period. Geode Capital Management LLC owned about 2.72% of Ennis worth $17,195,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Unison Advisors LLC boosted its holdings in Ennis by 1.1% in the 3rd quarter. Unison Advisors LLC now owns 38,454 shares of the industrial products company’s stock worth $935,000 after buying an additional 435 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Ennis by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,786 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 534 shares during the last quarter. FMR LLC grew its stake in shares of Ennis by 34.6% in the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after buying an additional 855 shares during the period. CWM LLC grew its position in Ennis by 30.9% in the third quarter. CWM LLC now owns 5,039 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 1,190 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Ennis by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 339,928 shares of the industrial products company’s stock worth $7,441,000 after purchasing an additional 1,254 shares during the period. 74.33% of the stock is owned by hedge funds and other institutional investors.

Ennis Stock Down 1.4 %

EBF opened at $21.05 on Monday. The business has a fifty day simple moving average of $21.10 and a 200-day simple moving average of $22.25. Ennis, Inc. has a 52 week low of $18.88 and a 52 week high of $25.75. The firm has a market cap of $547.38 million, a P/E ratio of 13.32 and a beta of 0.41.

Ennis (NYSE:EBF) last released its earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. Ennis had a net margin of 10.15% and a return on equity of 11.64%.

Ennis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be given a $0.25 dividend. The ex-dividend date is Thursday, January 9th. This represents a $1.00 dividend on an annualized basis and a yield of 4.75%. Ennis’s dividend payout ratio (DPR) is presently 62.89%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Ennis from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 11th.

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.