Allspring Global Investments Holdings LLC Increases Position in Ennis, Inc. $EBF

Allspring Global Investments Holdings LLC lifted its holdings in shares of Ennis, Inc. (NYSE:EBF) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,700,919 shares of the industrial products company’s stock after buying an additional 55,500 shares during the period. Allspring Global Investments Holdings LLC owned approximately 6.72% of Ennis worth $30,617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Assenagon Asset Management S.A. acquired a new stake in Ennis during the 3rd quarter worth approximately $672,000. SG Americas Securities LLC acquired a new position in shares of Ennis in the third quarter valued at approximately $958,000. American Century Companies Inc. increased its holdings in shares of Ennis by 11.5% in the second quarter. American Century Companies Inc. now owns 799,448 shares of the industrial products company’s stock valued at $14,502,000 after purchasing an additional 82,400 shares during the period. Alps Advisors Inc. raised its stake in shares of Ennis by 28.2% during the third quarter. Alps Advisors Inc. now owns 202,004 shares of the industrial products company’s stock worth $3,693,000 after purchasing an additional 44,447 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of Ennis by 185.9% during the third quarter. GSA Capital Partners LLP now owns 42,491 shares of the industrial products company’s stock worth $777,000 after purchasing an additional 27,630 shares during the period. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Analyst Upgrades and Downgrades

EBF has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Ennis in a research note on Monday, December 29th. Wall Street Zen raised shares of Ennis from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Ennis Price Performance

Shares of NYSE:EBF opened at $21.63 on Friday. The firm has a market capitalization of $546.90 million, a price-to-earnings ratio of 13.03 and a beta of 0.31. The business’s 50 day simple moving average is $20.71 and its 200-day simple moving average is $18.78. Ennis, Inc. has a 12 month low of $16.30 and a 12 month high of $21.95.

Ennis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Monday, April 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, April 13th. Ennis’s payout ratio is 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.