Systematic Financial Management LP trimmed its stake in shares of Ennis, Inc. (NYSE:EBF) by 16.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,210 shares of the industrial products company’s stock after selling 13,020 shares during the period. Systematic Financial Management LP owned approximately 0.26% of Ennis worth $1,265,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its holdings in shares of Ennis by 12.0% during the second quarter. Federated Investors Inc. PA now owns 94,024 shares of the industrial products company’s stock valued at $1,796,000 after purchasing an additional 10,074 shares during the last quarter. Chicago Equity Partners LLC raised its holdings in shares of Ennis by 13.3% during the second quarter. Chicago Equity Partners LLC now owns 107,974 shares of the industrial products company’s stock valued at $2,062,000 after purchasing an additional 12,704 shares during the last quarter. Cigna Investments Inc. New purchased a new position in shares of Ennis during the second quarter valued at approximately $344,000. Royce & Associates LP raised its holdings in shares of Ennis by 53.6% during the second quarter. Royce & Associates LP now owns 280,747 shares of the industrial products company’s stock valued at $5,362,000 after purchasing an additional 97,967 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Ennis by 424.8% during the second quarter. Acadian Asset Management LLC now owns 55,468 shares of the industrial products company’s stock valued at $1,060,000 after purchasing an additional 44,898 shares during the last quarter. 83.15% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Kenneth G. Pritchett sold 2,916 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $18.86, for a total value of $54,995.76. Following the completion of the transaction, the director now directly owns 60,964 shares of the company’s stock, valued at approximately $1,149,781.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.04% of the company’s stock.
Ennis, Inc. (EBF) opened at 19.20 on Wednesday. The stock’s 50 day moving average is $18.98 and its 200 day moving average is $17.61. The stock has a market capitalization of $488.01 million, a PE ratio of 18.62 and a beta of 0.78. Ennis, Inc. has a 12-month low of $14.40 and a 12-month high of $19.85.
Ennis (NYSE:EBF) last announced its quarterly earnings data on Monday, June 26th. The industrial products company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.06. The firm had revenue of $94.59 million during the quarter. Ennis had a net margin of 7.32% and a return on equity of 12.35%. Equities analysts anticipate that Ennis, Inc. will post $1.13 EPS for the current fiscal year.
Separately, BidaskClub raised shares of Ennis from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.
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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