Renaissance Technologies LLC Sells 60,500 Shares of Ennis, Inc. $EBF

Renaissance Technologies LLC trimmed its stake in Ennis, Inc. (NYSE:EBF) by 4.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,307,646 shares of the industrial products company’s stock after selling 60,500 shares during the period. Renaissance Technologies LLC owned approximately 0.05% of Ennis worth $28,010,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership increased its position in shares of Ennis by 3.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 235,916 shares of the industrial products company’s stock worth $5,053,000 after acquiring an additional 7,413 shares during the period. Sei Investments Co. raised its stake in shares of Ennis by 39.2% during the first quarter. Sei Investments Co. now owns 97,482 shares of the industrial products company’s stock valued at $2,088,000 after acquiring an additional 27,458 shares in the last quarter. State of Wyoming purchased a new stake in shares of Ennis in the first quarter valued at approximately $71,000. PNC Financial Services Group Inc. boosted its holdings in shares of Ennis by 21.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,172 shares of the industrial products company’s stock valued at $89,000 after purchasing an additional 729 shares during the period. Finally, Parallel Advisors LLC grew its stake in Ennis by 18.3% in the first quarter. Parallel Advisors LLC now owns 3,641 shares of the industrial products company’s stock worth $78,000 after purchasing an additional 562 shares in the last quarter. 74.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on EBF. Weiss Ratings restated a “buy (b-)” rating on shares of Ennis in a report on Friday, July 10th. Wall Street Zen cut Ennis from a “buy” rating to a “hold” rating in a report on Sunday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Ennis Stock Up 0.8%

Shares of EBF stock opened at $21.91 on Wednesday. The firm has a market cap of $554.22 million, a price-to-earnings ratio of 13.12 and a beta of 0.27. Ennis, Inc. has a 52-week low of $16.30 and a 52-week high of $22.36. The company’s 50 day moving average is $20.93 and its 200 day moving average is $20.68.

Ennis (NYSE:EBF) last posted its earnings results on Monday, June 22nd. The industrial products company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $98.61 million during the quarter, compared to analyst estimates of $98.20 million. Ennis had a return on equity of 13.89% and a net margin of 10.84%.During the same quarter in the prior year, the business earned $0.38 earnings per share.

Ennis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Friday, July 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, July 10th. Ennis’s payout ratio is presently 59.88%.

Ennis Company 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.