Allianz Asset Management GmbH Acquires 165,437 Shares of Ennis, Inc. $EBF

Allianz Asset Management GmbH boosted its holdings in Ennis, Inc. (NYSE:EBF) by 504.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 198,211 shares of the industrial products company’s stock after buying an additional 165,437 shares during the period. Allianz Asset Management GmbH owned approximately 0.77% of Ennis worth $3,596,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Ennis by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,836,537 shares of the industrial products company’s stock worth $36,896,000 after buying an additional 29,044 shares during the period. Allspring Global Investments Holdings LLC increased its position in Ennis by 2.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,649,924 shares of the industrial products company’s stock worth $33,196,000 after buying an additional 32,343 shares during the period. Charles Schwab Investment Management Inc. increased its position in Ennis by 268.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 995,093 shares of the industrial products company’s stock worth $19,991,000 after buying an additional 725,379 shares during the period. American Century Companies Inc. increased its position in Ennis by 16.2% in the 1st quarter. American Century Companies Inc. now owns 717,048 shares of the industrial products company’s stock worth $14,405,000 after buying an additional 99,841 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ennis by 3.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 652,182 shares of the industrial products company’s stock worth $13,102,000 after buying an additional 23,039 shares during the period. 74.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Walter D. Gruenes purchased 5,500 shares of the stock in a transaction on Monday, July 28th. The shares were purchased at an average cost of $17.99 per share, for a total transaction of $98,945.00. Following the completion of the transaction, the director directly owned 10,743 shares of the company’s stock, valued at approximately $193,266.57. The trade was a 104.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wall Street Zen raised Ennis from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ennis in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Ennis Trading Down 0.3%

EBF opened at $17.00 on Friday. The stock has a market cap of $435.58 million, a PE ratio of 10.43 and a beta of 0.45. Ennis, Inc. has a 1 year low of $16.83 and a 1 year high of $22.29. The stock’s 50 day simple moving average is $17.99 and its 200-day simple moving average is $18.32.

Ennis (NYSE:EBF) last announced its quarterly earnings results on Monday, September 22nd. The industrial products company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.13. Ennis had a return on equity of 13.99% and a net margin of 10.86%.The firm had revenue of $98.68 million for the quarter, compared to analysts’ expectations of $99.00 million.

Ennis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 10th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Friday, October 10th. Ennis’s dividend payout ratio is 61.35%.

Ennis 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.