Royce & Associates LP Has $22.83 Million Holdings in Ennis, Inc. $EBF

Royce & Associates LP cut its holdings in Ennis, Inc. (NYSE:EBF) by 16.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,249,000 shares of the industrial products company’s stock after selling 239,300 shares during the period. Royce & Associates LP owned approximately 4.87% of Ennis worth $22,832,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its stake in shares of Ennis by 1.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,645,419 shares of the industrial products company’s stock valued at $30,078,000 after acquiring an additional 19,159 shares in the last quarter. American Century Companies Inc. grew its stake in Ennis by 0.3% in the 3rd quarter. American Century Companies Inc. now owns 801,901 shares of the industrial products company’s stock valued at $14,659,000 after buying an additional 2,453 shares during the last quarter. Geode Capital Management LLC raised its holdings in Ennis by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 798,109 shares of the industrial products company’s stock worth $14,480,000 after acquiring an additional 25,975 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ennis by 5.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 689,695 shares of the industrial products company’s stock valued at $12,511,000 after acquiring an additional 37,513 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Ennis by 34.0% in the first quarter. Goldman Sachs Group Inc. now owns 363,680 shares of the industrial products company’s stock worth $7,306,000 after purchasing an additional 92,266 shares during the period. 74.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on EBF shares. Weiss Ratings restated a “hold (c)” rating on shares of Ennis in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Ennis from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Ennis Price Performance

Shares of EBF stock opened at $21.15 on Monday. Ennis, Inc. has a one year low of $16.30 and a one year high of $22.00. The stock has a fifty day moving average price of $19.44 and a 200 day moving average price of $18.30. The stock has a market cap of $534.76 million, a P/E ratio of 12.74 and a beta of 0.35.

Ennis (NYSE:EBF) last announced its quarterly earnings results on Monday, December 22nd. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. The firm had revenue of $100.17 million for the quarter, compared to analyst estimates of $100.50 million. Ennis had a net margin of 11.01% and a return on equity of 14.11%. During the same quarter in the previous year, the firm posted $0.39 EPS.

Ennis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Thursday, January 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Thursday, January 8th. Ennis’s dividend payout ratio is currently 60.24%.

Ennis 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.