Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Holdings in Ennis, Inc. (NYSE:EBF)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Ennis, Inc. (NYSE:EBF) by 101.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,343 shares of the industrial products company’s stock after purchasing an additional 3,199 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ennis were worth $139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Swiss National Bank grew its stake in shares of Ennis by 2.0% in the 3rd quarter. Swiss National Bank now owns 56,900 shares of the industrial products company’s stock valued at $1,207,000 after purchasing an additional 1,100 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Ennis by 0.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,604,039 shares of the industrial products company’s stock valued at $35,144,000 after purchasing an additional 6,865 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ennis by 10.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 760,567 shares of the industrial products company’s stock valued at $16,139,000 after purchasing an additional 70,755 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Ennis by 0.7% in the third quarter. Vanguard Group Inc. now owns 1,830,941 shares of the industrial products company’s stock valued at $38,853,000 after buying an additional 13,258 shares in the last quarter. Finally, EMC Capital Management boosted its stake in shares of Ennis by 123.9% in the third quarter. EMC Capital Management now owns 8,877 shares of the industrial products company’s stock valued at $188,000 after buying an additional 4,912 shares in the last quarter. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Ennis from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd.

Ennis Price Performance

Ennis stock opened at $20.59 on Thursday. Ennis, Inc. has a 1-year low of $18.88 and a 1-year high of $23.17. The company has a market cap of $532.87 million, a PE ratio of 12.55 and a beta of 0.45. The stock’s 50 day moving average price is $19.97 and its 200 day moving average price is $20.73.

Ennis (NYSE:EBF) last posted its quarterly earnings results on Monday, April 22nd. The industrial products company reported $0.39 earnings per share for the quarter. Ennis had a return on equity of 12.43% and a net margin of 10.14%. The firm had revenue of $97.43 million for the quarter.

Ennis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Monday, April 15th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, April 12th. This represents a $1.00 annualized dividend and a yield of 4.86%. Ennis’s dividend payout ratio is presently 60.98%.

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.