Ennis, Inc. (NYSE:EBF) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN increased its holdings in shares of Ennis, Inc. (NYSE:EBF) by 22.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,596 shares of the industrial products company’s stock after purchasing an additional 4,148 shares during the period. Wells Fargo & Company MN owned 0.09% of Ennis worth $477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in shares of Ennis by 282.8% during the third 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 period. American Century Companies Inc. lifted its stake in shares of Ennis by 27.5% in the 4th quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company’s stock worth $13,017,000 after acquiring an additional 133,036 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Ennis by 49.0% in the fourth quarter. Teacher Retirement System of Texas now owns 188,310 shares of the industrial products company’s stock valued at $3,971,000 after acquiring an additional 61,919 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Ennis in the fourth quarter valued at about $1,175,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Ennis by 3.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,617,581 shares of the industrial products company’s stock worth $33,888,000 after acquiring an additional 50,792 shares during the period. 74.33% of the stock is owned by hedge funds and other institutional investors.

Ennis Price Performance

EBF stock opened at $18.00 on Friday. Ennis, Inc. has a 12 month low of $17.15 and a 12 month high of $25.75. The firm has a market capitalization of $468.23 million, a PE ratio of 11.32 and a beta of 0.46. The company’s 50 day simple moving average is $19.75 and its 200-day simple moving average is $20.53.

Ennis (NYSE:EBF) last issued its quarterly earnings results on Monday, April 21st. The industrial products company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Ennis had a return on equity of 12.16% and a net margin of 10.35%. The firm had revenue of $92.70 million for the quarter, compared to analysts’ expectations of $95.60 million.

Ennis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 14th will be issued a $0.25 dividend. The ex-dividend date is Monday, April 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.56%. Ennis’s dividend payout ratio (DPR) is 64.52%.

Insider Activity

In other Ennis news, Director Michael J. Schaefer sold 5,253 shares of the firm’s stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $18.09, for a total value of $95,026.77. Following the transaction, the director now directly owns 44,734 shares of the company’s stock, valued at $809,238.06. This trade represents a 10.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 16,725 shares of company stock valued at $300,946 in the last three months. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Ennis from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 22nd.

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.