Charles Schwab Investment Management Inc. Reduces Holdings in Ennis, Inc. (NYSE:EBF)

Charles Schwab Investment Management Inc. reduced its stake in Ennis, Inc. (NYSE:EBF) by 16.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 269,714 shares of the industrial products company’s stock after selling 51,854 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Ennis were worth $5,688,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBF. Geode Capital Management LLC grew its holdings in shares of Ennis by 5.4% in the third quarter. Geode Capital Management LLC now owns 706,924 shares of the industrial products company’s stock worth $17,195,000 after purchasing an additional 36,187 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Ennis by 282.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company’s stock worth $6,103,000 after acquiring an additional 185,373 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Ennis by 61.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 28,751 shares of the industrial products company’s stock worth $699,000 after acquiring an additional 10,995 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Ennis by 8,888.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 4,000 shares during the period. Finally, New York State Common Retirement Fund raised its stake in shares of Ennis by 143.1% during the fourth quarter. New York State Common Retirement Fund now owns 23,615 shares of the industrial products company’s stock valued at $498,000 after acquiring an additional 13,900 shares during the last quarter. Institutional investors own 74.33% of the company’s stock.

Ennis Stock Performance

Shares of EBF stock opened at $19.64 on Tuesday. Ennis, Inc. has a fifty-two week low of $18.88 and a fifty-two week high of $25.75. The firm has a market cap of $510.77 million, a P/E ratio of 12.35 and a beta of 0.40. The business’s 50 day moving average price is $20.86 and its 200-day moving average price is $21.47.

Ennis (NYSE:EBF) last released its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share 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 announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.09%. Ennis’s dividend payout ratio is 62.89%.

Analyst Ratings Changes

Separately, StockNews.com raised Ennis from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st.

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.