Allspring Global Investments Holdings LLC Buys 3,265 Shares of Ennis, Inc. (NYSE:EBF)

Allspring Global Investments Holdings LLC boosted its position in Ennis, Inc. (NYSE:EBFFree Report) by 0.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,607,304 shares of the industrial products company’s stock after buying an additional 3,265 shares during the period. Allspring Global Investments Holdings LLC owned approximately 6.21% of Ennis worth $32,966,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ennis by 101.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,343 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 3,199 shares in the last quarter. Jump Financial LLC bought a new stake in Ennis during the 4th quarter valued at $214,000. Lazard Asset Management LLC increased its stake in Ennis by 14.3% during the 3rd quarter. Lazard Asset Management LLC now owns 15,635 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 1,959 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in shares of Ennis by 59.2% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 20,613 shares of the industrial products company’s stock valued at $452,000 after buying an additional 7,669 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Ennis by 10.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 31,003 shares of the industrial products company’s stock valued at $679,000 after buying an additional 3,058 shares in the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised Ennis from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th.

Check Out Our Latest Stock Analysis on Ennis

Ennis Price Performance

EBF opened at $21.66 on Friday. Ennis, Inc. has a 1 year low of $18.88 and a 1 year high of $23.17. The company has a market capitalization of $562.73 million, a price-to-earnings ratio of 13.54 and a beta of 0.41. The firm’s fifty day moving average price is $21.00 and its two-hundred day moving average price is $20.64.

Ennis (NYSE:EBFGet Free Report) last released its quarterly earnings results on Monday, June 17th. The industrial products company reported $0.41 earnings per share for the quarter. Ennis had a net margin of 10.11% and a return on equity of 11.94%. The business had revenue of $103.11 million for the quarter.

Ennis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 5th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.62%. The ex-dividend date is Friday, July 5th. Ennis’s dividend payout ratio is presently 62.50%.

About Ennis

(Free Report)

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, 360ยบ 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.

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Institutional Ownership by Quarter for Ennis (NYSE:EBF)

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