Allianz Asset Management GmbH Sells 1,316 Shares of Ennis, Inc. (NYSE:EBF)

Allianz Asset Management GmbH lowered its stake in shares of Ennis, Inc. (NYSE:EBF) by 3.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 32,774 shares of the industrial products company’s stock after selling 1,316 shares during the period. Allianz Asset Management GmbH owned approximately 0.13% of Ennis worth $658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Denali Advisors LLC grew its stake in shares of Ennis by 3.6% in the 1st quarter. Denali Advisors LLC now owns 49,174 shares of the industrial products company’s stock worth $988,000 after acquiring an additional 1,724 shares in the last quarter. MQS Management LLC purchased a new position in Ennis during the first quarter worth about $349,000. CWM LLC boosted its holdings in Ennis by 20.5% during the first quarter. CWM LLC now owns 4,526 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 770 shares during the last quarter. Alps Advisors Inc. grew its position in Ennis by 7.8% in the 1st quarter. Alps Advisors Inc. now owns 158,685 shares of the industrial products company’s stock worth $3,188,000 after purchasing an additional 11,451 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Ennis by 11.7% in the 1st quarter. Teacher Retirement System of Texas now owns 210,357 shares of the industrial products company’s stock valued at $4,226,000 after buying an additional 22,047 shares during the last quarter. 74.33% of the stock is owned by institutional investors.

Ennis Trading Down 1.2%

Shares of Ennis stock opened at $17.58 on Friday. The business’s fifty day simple moving average is $18.39 and its 200 day simple moving average is $19.40. 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 $453.56 million, a P/E ratio of 11.57 and a beta of 0.48.

Ennis (NYSE:EBF) last announced its earnings results on Monday, June 23rd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. The firm had revenue of $97.20 million during the quarter, compared to analyst estimates of $99.30 million. Ennis had a return on equity of 12.49% and a net margin of 10.12%.

Ennis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Friday, July 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 5.7%. Ennis’s payout ratio is currently 65.79%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Ennis from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 22nd.

Insider Buying and Selling

In related news, Director Walter D. Gruenes bought 5,500 shares of the company’s stock in a transaction on Monday, July 28th. The shares were purchased at an average cost of $17.99 per share, for a total transaction of $98,945.00. Following the completion of the purchase, the director directly owned 10,743 shares in the company, valued at $193,266.57. The trade was a 104.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.70% of the company’s stock.

About Ennis

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.