Polaris Capital Management LLC Has $2.01 Million Stock Position in Ennis, Inc. (NYSE:EBF)

Polaris Capital Management LLC grew its holdings in shares of Ennis, Inc. (NYSE:EBF) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,500 shares of the industrial products company’s stock after acquiring an additional 13,200 shares during the quarter. Polaris Capital Management LLC owned 0.37% of Ennis worth $2,014,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of Ennis by 5.2% during the second quarter. The Manufacturers Life Insurance Company now owns 10,786 shares of the industrial products company’s stock worth $236,000 after buying an additional 534 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Ennis during the 3rd quarter worth about $103,000. CWM LLC raised its position in shares of Ennis by 30.9% in the 3rd quarter. CWM LLC now owns 5,039 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 1,190 shares in the last quarter. Creative Planning grew its stake in Ennis by 84.9% during the third quarter. Creative Planning now owns 57,093 shares of the industrial products company’s stock worth $1,389,000 after purchasing an additional 26,207 shares during the period. Finally, Inspire Advisors LLC boosted its holdings in shares of Ennis by 47.0% during the 3rd quarter. Inspire Advisors LLC now owns 13,860 shares of the industrial products company’s stock worth $337,000 after buying an additional 4,432 shares in the last quarter. 74.33% of the stock is owned by institutional investors.

Ennis Stock Performance

Shares of EBF stock opened at $20.46 on Tuesday. The firm’s 50-day simple moving average is $20.93 and its two-hundred day simple moving average is $21.94. Ennis, Inc. has a 52 week low of $18.88 and a 52 week high of $25.75. The firm has a market cap of $532.03 million, a price-to-earnings ratio of 12.86 and a beta of 0.41.

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

Ennis Dividend Announcement

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

Analysts Set New Price Targets

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

Ennis Company Profile

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.