Allspring Global Investments Holdings LLC Grows Stock Position in Ennis, Inc. (NYSE:EBF)

Allspring Global Investments Holdings LLC grew its holdings in shares of Ennis, Inc. (NYSE:EBF) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,617,581 shares of the industrial products company’s stock after buying an additional 50,792 shares during the quarter. Allspring Global Investments Holdings LLC owned 6.22% of Ennis worth $33,888,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its stake in shares of Ennis by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,786 shares of the industrial products company’s stock valued at $236,000 after buying an additional 534 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in shares of Ennis by 10.3% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company’s stock valued at $150,000 after buying an additional 663 shares during the last quarter. FMR LLC boosted its stake in shares of Ennis by 34.6% during the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after buying an additional 855 shares during the last quarter. CWM LLC boosted its stake in shares of Ennis by 30.9% during the 3rd quarter. CWM LLC now owns 5,039 shares of the industrial products company’s stock valued at $123,000 after buying an additional 1,190 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Ennis by 46.0% during the 4th quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company’s stock valued at $131,000 after buying an additional 1,951 shares during the last quarter. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

Ennis Price Performance

Shares of EBF opened at $20.47 on Friday. The business’s fifty day moving average price is $20.86 and its 200 day moving average price is $21.88. Ennis, Inc. has a 12-month low of $18.88 and a 12-month high of $25.75. The stock has a market capitalization of $532.37 million, a PE ratio of 12.87 and a beta of 0.41.

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

Ennis Announces Dividend

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. This represents a $1.00 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Friday, January 10th. Ennis’s dividend payout ratio (DPR) is presently 62.89%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Ennis from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

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.