MetLife Investment Advisors LLC Decreases Position in Ennis, Inc. (NYSE:EBF)

MetLife Investment Advisors LLC reduced its stake in shares of Ennis, Inc. (NYSE:EBF) by 31.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,635 shares of the industrial products company’s stock after selling 4,488 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Ennis were worth $200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantamental Technologies LLC purchased a new position in shares of Ennis during the 1st quarter worth $30,000. State of Alaska Department of Revenue purchased a new position in shares of Ennis during the 1st quarter worth $73,000. BNP Paribas Arbitrage SA grew its holdings in shares of Ennis by 198.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,336 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 3,551 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in shares of Ennis by 329.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,319 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 5,614 shares during the period. Finally, Juncture Wealth Strategies LLC purchased a new position in shares of Ennis during the 1st quarter worth $201,000. 82.95% of the stock is owned by hedge funds and other institutional investors.

Ennis stock traded down $0.24 during midday trading on Thursday, reaching $20.12. 123,434 shares of the stock traded hands, compared to its average volume of 117,512. The business has a 50-day simple moving average of $19.61. Ennis, Inc. has a 12-month low of $17.35 and a 12-month high of $22.95. The firm has a market capitalization of $538.99 million, a price-to-earnings ratio of 13.88 and a beta of 0.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.42 and a current ratio of 4.38.

Ennis (NYSE:EBF) last announced its earnings results on Monday, June 24th. The industrial products company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $108.03 million during the quarter. Ennis had a return on equity of 13.09% and a net margin of 9.10%. On average, analysts expect that Ennis, Inc. will post 1.36 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Friday, July 12th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Thursday, July 11th. Ennis’s dividend payout ratio is currently 62.07%.

Separately, Zacks Investment Research upgraded Focus Financial Partners from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Monday, June 24th.

Ennis Company Profile

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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Institutional Ownership by Quarter for Ennis (NYSE:EBF)

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