Ennis, Inc. $EBF Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in Ennis, Inc. (NYSE:EBF) by 35.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 55,388 shares of the industrial products company’s stock after selling 30,004 shares during the quarter. Rhumbline Advisers’ holdings in Ennis were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its holdings in Ennis by 28.2% in the third quarter. Alps Advisors Inc. now owns 202,004 shares of the industrial products company’s stock valued at $3,693,000 after buying an additional 44,447 shares in the last quarter. Unison Advisors LLC boosted its stake in shares of Ennis by 1.4% during the 3rd quarter. Unison Advisors LLC now owns 45,087 shares of the industrial products company’s stock worth $824,000 after acquiring an additional 603 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Ennis by 15.2% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 28,800 shares of the industrial products company’s stock valued at $526,000 after acquiring an additional 3,800 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of Ennis by 24.4% in the 3rd quarter. SummerHaven Investment Management LLC now owns 45,310 shares of the industrial products company’s stock valued at $828,000 after purchasing an additional 8,882 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Ennis in the 3rd quarter valued at about $633,000. 74.33% of the stock is owned by hedge funds and other institutional investors.

Ennis Price Performance

Shares of Ennis stock opened at $21.08 on Tuesday. The stock’s 50 day simple moving average is $19.50 and its 200-day simple moving average is $18.32. The stock has a market cap of $533.11 million, a P/E ratio of 12.70 and a beta of 0.35. Ennis, Inc. has a 1-year low of $16.30 and a 1-year high of $22.00.

Ennis (NYSE:EBF) last posted its quarterly earnings results on Monday, December 22nd. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. The firm had revenue of $100.17 million during the quarter, compared to analysts’ expectations of $100.50 million. Ennis had a return on equity of 14.11% and a net margin of 11.01%.During the same quarter last year, the firm earned $0.39 earnings per share.

Ennis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Thursday, January 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 8th. This represents a $1.00 annualized dividend and a dividend yield of 4.7%. Ennis’s payout ratio is presently 60.24%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EBF. Weiss Ratings reiterated a “hold (c)” rating on shares of Ennis in a research report on Monday, December 29th. Wall Street Zen raised shares of Ennis from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Ennis currently has an average rating of “Hold”.

Ennis Profile

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.