Ennis, Inc. (NYSE:EBF) Shares Bought by Vestcor Inc

Vestcor Inc increased its position in Ennis, Inc. (NYSE:EBF) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,049 shares of the industrial products company’s stock after buying an additional 1,789 shares during the period. Vestcor Inc’s holdings in Ennis were worth $1,056,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC raised its holdings in 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 acquiring an additional 855 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Ennis by 8,888.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock worth $85,000 after buying an additional 4,000 shares during the last quarter. SG Americas Securities LLC grew its holdings in Ennis by 46.0% in the 4th quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company’s stock valued at $131,000 after buying an additional 1,951 shares during the period. GPS Wealth Strategies Group LLC increased its stake in shares of Ennis by 10.3% during 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 during the last quarter. Finally, EMC Capital Management boosted its position in shares of Ennis by 355.3% in the fourth quarter. EMC Capital Management now owns 9,848 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 7,685 shares during the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Ennis Price Performance

Shares of NYSE:EBF opened at $21.23 on Friday. The firm has a market capitalization of $552.13 million, a PE ratio of 13.35 and a beta of 0.40. Ennis, Inc. has a 12 month low of $18.88 and a 12 month high of $25.75. The business has a 50-day moving average of $20.84 and a two-hundred day moving average of $21.60.

Ennis (NYSE:EBF) last posted its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

Ennis Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 9th were issued a $0.25 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.00 annualized dividend and a yield of 4.71%. Ennis’s dividend payout ratio is currently 62.89%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Ennis from a “buy” rating to a “strong-buy” rating in a 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.