Russell Investments Group Ltd. Has $1.81 Million Stock Position in Ennis, Inc. (NYSE:EBF)

Russell Investments Group Ltd. grew its position in Ennis, Inc. (NYSE:EBF – Get Rating) by 22.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,839 shares of the industrial products company’s stock after buying an additional 15,021 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.32% of Ennis worth $1,814,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Los Angeles Capital Management LLC boosted its holdings in shares of Ennis by 105.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 92,590 shares of the industrial products company’s stock worth $2,052,000 after purchasing an additional 47,604 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Ennis by 20.9% during the third quarter. Lazard Asset Management LLC now owns 12,002 shares of the industrial products company’s stock worth $241,000 after purchasing an additional 2,071 shares during the period. Polaris Capital Management LLC acquired a new stake in shares of Ennis during the third quarter worth approximately $1,190,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Ennis during the fourth quarter worth approximately $41,000. Finally, Ritholtz Wealth Management boosted its holdings in shares of Ennis by 50.5% during the fourth quarter. Ritholtz Wealth Management now owns 27,902 shares of the industrial products company’s stock worth $618,000 after purchasing an additional 9,364 shares during the period. 72.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ennis

In other Ennis news, General Counsel Daniel Gus bought 2,000 shares of Ennis stock in a transaction on Monday, May 8th. The stock was purchased at an average cost of $19.19 per share, for a total transaction of $38,380.00. Following the completion of the purchase, the general counsel now directly owns 5,373 shares of the company’s stock, valued at $103,107.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Ennis from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 16th.

Ennis Stock Down 0.2 %

NYSE EBF opened at $20.32 on Tuesday. The stock has a market capitalization of $525.27 million, a PE ratio of 11.10 and a beta of 0.47. The company has a 50 day moving average price of $20.39 and a two-hundred day moving average price of $21.45. Ennis, Inc. has a 12-month low of $16.55 and a 12-month high of $23.48.

Ennis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 8th. Shareholders of record on Monday, April 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date was Friday, April 14th. Ennis’s dividend payout ratio (DPR) is presently 54.65%.

About Ennis

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Ennis, Inc engages in the manufacture, design, and sale of business forms and other printed business products. Its products include advertising specialties, business supplies, checks and software compatible forms, commercial printing, custom business forms, ecommerce, envelopes, and financial and security printing.