Schwab Charles Investment Management Inc. raised its holdings in shares of Ennis, Inc. (NYSE:EBF) by 7.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,579 shares of the industrial products company’s stock after buying an additional 15,953 shares during the period. Schwab Charles Investment Management Inc. owned about 0.87% of Ennis worth $4,355,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. Old Mutual Global Investors UK Ltd. bought a new position in shares of Ennis during the third quarter worth $130,000. Stevens Capital Management LP bought a new position in shares of Ennis during the third quarter worth $201,000. Cetera Investment Advisers bought a new position in shares of Ennis during the second quarter worth $205,000. Virtu KCG Holdings LLC bought a new position in shares of Ennis during the second quarter worth $227,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Ennis during the third quarter worth $293,000. 83.79% of the stock is owned by institutional investors and hedge funds.
Ennis, Inc. (EBF) opened at $20.65 on Friday. Ennis, Inc. has a 12-month low of $15.20 and a 12-month high of $21.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.99 and a current ratio of 6.02. The company has a market cap of $536.30, a price-to-earnings ratio of 16.93 and a beta of 0.73.
Ennis (NYSE:EBF) last released its quarterly earnings data on Friday, December 22nd. The industrial products company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. Ennis had a net margin of 8.31% and a return on equity of 12.49%. The business had revenue of $93.61 million during the quarter.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 12th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Thursday, January 11th. Ennis’s dividend payout ratio is currently 65.57%.
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Ennis, Inc and its subsidiaries are engaged in the production and sale of printed business products, business forms and other business products. The Company operates through Print segment, which is engaged in printing, manufacturing and selling a range of business forms and other business products to distributors located throughout the United States primarily through independent dealers.
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