Vanguard Group Inc. Decreases Stock Position in Ennis, Inc. (NYSE:EBF)

Vanguard Group Inc. trimmed its position in shares of Ennis, Inc. (NYSE:EBF) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,807,493 shares of the industrial products company’s stock after selling 6,040 shares during the quarter. Vanguard Group Inc. owned approximately 6.95% of Ennis worth $38,120,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Ennis by 282.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company’s stock worth $6,103,000 after purchasing an additional 185,373 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Ennis by 27.5% in the fourth quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company’s stock worth $13,017,000 after buying an additional 133,036 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Ennis by 49.0% during the fourth quarter. Teacher Retirement System of Texas now owns 188,310 shares of the industrial products company’s stock worth $3,971,000 after acquiring an additional 61,919 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Ennis by 3.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,617,581 shares of the industrial products company’s stock valued at $33,888,000 after acquiring an additional 50,792 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Ennis in the 4th quarter valued at about $1,008,000. 74.33% of the stock is owned by institutional investors and hedge funds.

Ennis Stock Up 1.6 %

Shares of NYSE:EBF opened at $19.33 on Monday. Ennis, Inc. has a 52-week low of $18.46 and a 52-week high of $25.75. The stock has a market cap of $502.70 million, a P/E ratio of 12.15 and a beta of 0.40. The business has a fifty day moving average of $20.49 and a two-hundred day moving average of $21.03.

Ennis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.17%. The ex-dividend date is Monday, April 14th. Ennis’s payout ratio is currently 62.89%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Ennis from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st.

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.