Geode Capital Management LLC increased its holdings in Ennis, Inc. (NYSE:EBF) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,456 shares of the industrial products company’s stock after buying an additional 4,954 shares during the period. Geode Capital Management LLC owned about 1.08% of Ennis worth $5,437,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in EBF. Royce & Associates LP boosted its position in shares of Ennis by 60.2% in the 4th quarter. Royce & Associates LP now owns 1,355,151 shares of the industrial products company’s stock worth $26,087,000 after buying an additional 509,279 shares in the last quarter. BlackRock Inc. lifted its holdings in Ennis by 14.5% in the 4th quarter. BlackRock Inc. now owns 2,140,100 shares of the industrial products company’s stock valued at $41,197,000 after purchasing an additional 270,364 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in 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 purchasing an additional 196,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ennis by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,547 shares of the industrial products company’s stock valued at $42,650,000 after purchasing an additional 57,141 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Ennis by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 523,976 shares of the industrial products company’s stock valued at $10,715,000 after purchasing an additional 55,981 shares in the last quarter. Institutional investors and hedge funds own 82.69% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Ennis from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a report on Tuesday, December 25th.
NYSE:EBF opened at $20.50 on Friday. The stock has a market capitalization of $535.54 million, a price-to-earnings ratio of 14.14 and a beta of 0.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.07 and a current ratio of 5.32. Ennis, Inc. has a 12-month low of $17.35 and a 12-month high of $22.98.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 6th. Shareholders of record on Monday, April 15th will be issued a $0.225 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.90 dividend on an annualized basis and a yield of 4.39%. Ennis’s dividend payout ratio (DPR) is 69.77%.
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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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