Ennis, Inc. (NYSE:EBF) Position Cut by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC cut its stake in shares of Ennis, Inc. (NYSE:EBF) by 28.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,123 shares of the industrial products company’s stock after selling 5,614 shares during the quarter. MetLife Investment Advisors LLC owned about 0.05% of Ennis worth $272,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in Ennis by 25.1% in the 4th quarter. Bank of America Corp DE now owns 678,019 shares of the industrial products company’s stock valued at $13,052,000 after acquiring an additional 135,978 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Ennis by 20.5% in the 3rd quarter. Renaissance Technologies LLC now owns 1,151,600 shares of the industrial products company’s stock valued at $23,550,000 after buying an additional 196,300 shares during the period. Navellier & Associates Inc grew its stake in shares of Ennis by 4.2% in the 4th quarter. Navellier & Associates Inc now owns 22,473 shares of the industrial products company’s stock valued at $433,000 after buying an additional 909 shares during the period. Macquarie Group Ltd. grew its stake in shares of Ennis by 7.0% in the 3rd quarter. Macquarie Group Ltd. now owns 49,000 shares of the industrial products company’s stock valued at $1,002,000 after buying an additional 3,200 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in shares of Ennis by 9.9% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 193,400 shares of the industrial products company’s stock valued at $3,955,000 after buying an additional 17,500 shares during the period. 82.86% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research cut shares of Ennis from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd.

Shares of NYSE:EBF traded down $0.14 during mid-day trading on Friday, reaching $19.64. 68,761 shares of the company were exchanged, compared to its average volume of 117,758. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.07 and a current ratio of 5.32. The stock has a market capitalization of $530.85 million, a P/E ratio of 13.54 and a beta of 0.45. Ennis, Inc. has a 1 year low of $17.35 and a 1 year high of $22.98.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.02). The company had revenue of $100.70 million for the quarter. Ennis had a return on equity of 13.37% and a net margin of 9.34%. Research analysts forecast that Ennis, Inc. will post 1.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Monday, April 15th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.90 dividend on an annualized basis and a yield of 4.58%. Ennis’s dividend payout ratio (DPR) is presently 62.07%.

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About Ennis

Ennis, Inc designs, 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, Specialized Printed Forms, 360 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, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.

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Institutional Ownership by Quarter for Ennis (NYSE:EBF)

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