Los Angeles Capital Management LLC Sells 60,871 Shares of Ennis, Inc. (NYSE:EBF)

Los Angeles Capital Management LLC lessened its holdings in shares of Ennis, Inc. (NYSE:EBF) by 66.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 30,477 shares of the industrial products company’s stock after selling 60,871 shares during the period. Los Angeles Capital Management LLC’s holdings in Ennis were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Ennis by 101.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,343 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 3,199 shares during the last quarter. Jump Financial LLC bought a new stake in Ennis in the fourth quarter worth $214,000. Lazard Asset Management LLC increased its position in Ennis by 14.3% during the third quarter. Lazard Asset Management LLC now owns 15,635 shares of the industrial products company’s stock worth $331,000 after buying an additional 1,959 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in Ennis by 59.2% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 20,613 shares of the industrial products company’s stock valued at $452,000 after buying an additional 7,669 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Ennis by 10.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 31,003 shares of the industrial products company’s stock worth $679,000 after buying an additional 3,058 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Ennis from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 19th.

Ennis Stock Down 0.5 %

NYSE:EBF opened at $21.82 on Tuesday. Ennis, Inc. has a 12 month low of $18.88 and a 12 month high of $23.17. The company’s 50 day moving average is $20.58 and its 200-day moving average is $20.65. The firm has a market cap of $566.88 million, a price-to-earnings ratio of 13.64 and a beta of 0.43.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, June 17th. The industrial products company reported $0.41 earnings per share for the quarter. The business had revenue of $103.11 million during the quarter. Ennis had a return on equity of 12.01% and a net margin of 10.11%.

Ennis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 5th will be given a $0.25 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.00 annualized dividend and a dividend yield of 4.58%. Ennis’s dividend payout ratio is 62.50%.

Ennis 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.