Renaissance Technologies LLC Sells 50,100 Shares of Ennis, Inc. (NYSE:EBF)

Renaissance Technologies LLC reduced its position in shares of Ennis, Inc. (NYSE:EBF) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,479,646 shares of the industrial products company’s stock after selling 50,100 shares during the period. Renaissance Technologies LLC owned about 5.69% of Ennis worth $31,206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its position in Ennis by 34.6% during the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 855 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Ennis by 61.9% in the 3rd 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 during the last quarter. Barclays PLC increased its position in shares of Ennis by 35.7% during the third quarter. Barclays PLC now owns 128,298 shares of the industrial products company’s stock worth $3,120,000 after buying an additional 33,748 shares during the period. Geode Capital Management LLC raised its stake in Ennis by 5.4% during 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 last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Ennis by 282.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company’s stock worth $6,103,000 after acquiring an additional 185,373 shares during the period. Institutional investors and hedge funds own 74.33% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Ennis from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st.

Ennis Trading Up 1.6 %

EBF opened at $19.33 on Friday. Ennis, Inc. has a 1-year low of $18.46 and a 1-year high of $25.75. The company has a market cap of $502.70 million, a P/E ratio of 12.15 and a beta of 0.40. The company has a fifty day moving average price of $20.49 and a two-hundred day moving average price of $21.05.

Ennis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date is Monday, April 14th. Ennis’s dividend payout ratio (DPR) is 62.89%.

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.