Bank of New York Mellon Corp reduced its holdings in shares of Ennis (NYSE:EBF) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 297,607 shares of the industrial products company’s stock after selling 29,687 shares during the period. Bank of New York Mellon Corp owned about 1.17% of Ennis worth $6,176,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. C M Bidwell & Associates Ltd. purchased a new stake in shares of Ennis during the fourth quarter valued at approximately $104,000. FineMark National Bank & Trust purchased a new stake in shares of Ennis during the fourth quarter valued at approximately $308,000. First Trust Advisors LP boosted its stake in shares of Ennis by 13.3% during the fourth quarter. First Trust Advisors LP now owns 22,752 shares of the industrial products company’s stock valued at $472,000 after purchasing an additional 2,673 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Ennis during the third quarter valued at approximately $482,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Ennis by 34.7% during the third quarter. Russell Investments Group Ltd. now owns 46,533 shares of the industrial products company’s stock valued at $914,000 after purchasing an additional 11,985 shares during the period. Institutional investors and hedge funds own 83.78% of the company’s stock.
NYSE:EBF opened at $19.80 on Friday. The company has a market cap of $510.88, a PE ratio of 15.95 and a beta of 0.71. Ennis has a fifty-two week low of $15.20 and a fifty-two week high of $21.50. The company has a quick ratio of 4.99, a current ratio of 6.02 and a debt-to-equity ratio of 0.12.
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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, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, 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, Hoosier Data Forms, Hayes Graphics, and Independent Printing brand names.
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