Allianz Asset Management GmbH Decreases Stock Position in Ennis, Inc. $EBF

Allianz Asset Management GmbH lessened its holdings in shares of Ennis, Inc. (NYSE:EBF) by 36.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,860 shares of the industrial products company’s stock after selling 72,351 shares during the quarter. Allianz Asset Management GmbH owned about 0.49% of Ennis worth $2,301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in shares of Ennis during the 3rd quarter valued at about $25,000. Traub Capital Management LLC purchased a new position in Ennis during the 2nd quarter valued at about $27,000. EverSource Wealth Advisors LLC raised its stake in Ennis by 1,037.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock valued at $28,000 after buying an additional 1,390 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Ennis by 56.8% in the second quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock worth $45,000 after buying an additional 890 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Ennis by 245.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,100 shares of the industrial products company’s stock valued at $56,000 after buying an additional 2,203 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on EBF. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ennis in a research report on Monday, December 29th. Wall Street Zen upgraded Ennis from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Ennis currently has a consensus rating of “Hold”.

Ennis Trading Down 0.1%

NYSE:EBF opened at $20.52 on Thursday. The company has a market capitalization of $519.01 million, a P/E ratio of 12.36 and a beta of 0.37. Ennis, Inc. has a twelve month low of $16.30 and a twelve month high of $22.00. The firm has a 50-day moving average price of $18.77 and a two-hundred day moving average price of $18.07.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, December 22nd. The industrial products company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $100.17 million during the quarter, compared to analysts’ expectations of $100.50 million. Ennis had a return on equity of 14.11% and a net margin of 11.01%.During the same quarter last year, the business posted $0.39 EPS.

Ennis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Thursday, January 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 8th. This represents a $1.00 dividend on an annualized basis and a yield of 4.9%. Ennis’s dividend payout ratio (DPR) is currently 60.24%.

Ennis Company Profile

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.