California Public Employees Retirement System Has $928,000 Holdings in Ennis, Inc. (EBF)
California Public Employees Retirement System raised its position in shares of Ennis, Inc. (NYSE:EBF) by 16.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,600 shares of the industrial products company’s stock after buying an additional 6,800 shares during the quarter. California Public Employees Retirement System owned about 0.19% of Ennis worth $928,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in EBF. Russell Investments Group Ltd. lifted its position in shares of Ennis by 19.7% during the second quarter. Russell Investments Group Ltd. now owns 34,548 shares of the industrial products company’s stock valued at $660,000 after buying an additional 5,691 shares during the last quarter. Acadian Asset Management LLC lifted its position 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 buying an additional 44,898 shares during the last quarter. Sei Investments Co. lifted its position in shares of Ennis by 179.1% during the second quarter. Sei Investments Co. now owns 10,850 shares of the industrial products company’s stock valued at $207,000 after buying an additional 6,963 shares during the last quarter. Cigna Investments Inc. New purchased a new stake in shares of Ennis during the second quarter valued at about $344,000. Finally, Trexquant Investment LP purchased a new stake in shares of Ennis during the second quarter valued at about $399,000. 83.68% of the stock is owned by institutional investors and hedge funds.
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. Corporate insiders own 4.04% of the company’s stock.
Shares of Ennis, Inc. (NYSE:EBF) opened at $19.40 on Tuesday. The company has a market cap of $499.99, a PE ratio of 16.29 and a beta of 0.72. Ennis, Inc. has a 1 year low of $15.20 and a 1 year high of $21.05. The company has a current ratio of 5.89, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12.
Ennis (NYSE:EBF) last released its quarterly earnings results on Monday, September 25th. The industrial products company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The business had revenue of $94.89 million during the quarter. Ennis had a net margin of 7.73% and a return on equity of 12.13%.
The company also recently declared a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 13th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Thursday, October 12th. Ennis’s payout ratio is 72.07%.
Separately, BidaskClub raised shares of Ennis from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd.
Ennis Company Profile
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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