Polaris Capital Management LLC Buys 13,200 Shares of Ennis, Inc. (NYSE:EBF)

Polaris Capital Management LLC raised its position in shares of Ennis, Inc. (NYSE:EBF) by 16.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 95,500 shares of the industrial products company’s stock after purchasing an additional 13,200 shares during the quarter. Polaris Capital Management LLC’s holdings in Ennis were worth $2,014,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in 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 buying an additional 36,187 shares during the period. JPMorgan Chase & Co. grew its holdings in Ennis by 282.8% in the third quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company’s stock worth $6,103,000 after purchasing an additional 185,373 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Ennis by 61.9% during the third 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 valued at $699,000 after purchasing an additional 10,995 shares in the last quarter. Creative Planning increased its stake in shares of Ennis by 84.9% during the third quarter. Creative Planning now owns 57,093 shares of the industrial products company’s stock valued at $1,389,000 after purchasing an additional 26,207 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Ennis by 8,888.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Ennis Stock Performance

NYSE EBF opened at $20.46 on Tuesday. Ennis, Inc. has a one year low of $18.88 and a one year high of $25.75. The stock has a 50-day moving average of $20.93 and a 200 day moving average of $21.94. The company has a market capitalization of $532.03 million, a price-to-earnings ratio of 12.86 and a beta of 0.41.

Ennis (NYSE:EBF) last announced its earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Ennis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.89%. The ex-dividend date was Friday, January 10th. Ennis’s payout ratio is currently 62.89%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Ennis from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 5th.

About Ennis

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.