Ennis, Inc. (NYSE:EBF) Position Increased by Martingale Asset Management L P

Martingale Asset Management L P raised its holdings in shares of Ennis, Inc. (NYSE:EBF) by 43.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,363 shares of the industrial products company’s stock after purchasing an additional 17,137 shares during the period. Martingale Asset Management L P’s holdings in Ennis were worth $1,371,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Unison Advisors LLC increased its stake in Ennis by 1.1% during the third quarter. Unison Advisors LLC now owns 38,454 shares of the industrial products company’s stock valued at $935,000 after purchasing an additional 435 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Ennis by 5.2% during the second 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 increased its stake in Ennis by 34.6% during the third quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 855 shares during the last quarter. CWM LLC increased its stake in Ennis by 30.9% during the third quarter. CWM LLC now owns 5,039 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Ennis by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 339,928 shares of the industrial products company’s stock valued at $7,441,000 after purchasing an additional 1,254 shares during the last quarter. Institutional investors own 74.33% of the company’s stock.

Ennis Stock Performance

Ennis stock opened at $21.33 on Monday. The company has a 50-day simple moving average of $21.91 and a 200-day simple moving average of $22.20. The firm has a market capitalization of $554.58 million, a P/E ratio of 13.50 and a beta of 0.41. Ennis, Inc. has a one year low of $18.88 and a one year high of $25.75.

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

Ennis Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.00 dividend on an annualized basis and a yield of 4.69%. Ennis’s dividend payout ratio is presently 63.29%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Ennis from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 29th.

Ennis Company 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.