Allspring Global Investments Holdings LLC Sells 63,032 Shares of Ennis, Inc. $EBF

Allspring Global Investments Holdings LLC reduced its stake in shares of Ennis, Inc. (NYSE:EBF) by 3.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,637,887 shares of the industrial products company’s stock after selling 63,032 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of Ennis worth $35,427,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in shares of Ennis by 34.0% in the 1st 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. Empowered Funds LLC bought a new position in Ennis during the first quarter valued at $319,000. Cetera Investment Advisers grew its holdings in Ennis by 4.6% during the second quarter. Cetera Investment Advisers now owns 14,417 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 633 shares during the period. Quantbot Technologies LP increased its position in Ennis by 399.6% in the second quarter. Quantbot Technologies LP now owns 4,971 shares of the industrial products company’s stock worth $90,000 after buying an additional 3,976 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Ennis by 18.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 68,511 shares of the industrial products company’s stock valued at $1,243,000 after buying an additional 10,744 shares during the period. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EBF shares. Wall Street Zen raised Ennis from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “buy (b-)” rating on shares of Ennis in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Ennis Stock Performance

NYSE:EBF opened at $21.38 on Monday. The business’s fifty day moving average is $20.75 and its 200 day moving average is $20.52. The firm has a market cap of $540.91 million, a price-to-earnings ratio of 12.80 and a beta of 0.27. Ennis, Inc. has a 52-week low of $16.30 and a 52-week high of $22.36.

Ennis (NYSE:EBF) last posted its earnings results on Monday, June 22nd. The industrial products company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Ennis had a return on equity of 13.89% and a net margin of 10.84%.The business had revenue of $98.61 million during the quarter, compared to analyst estimates of $98.20 million. During the same quarter in the previous year, the firm earned $0.38 EPS.

Ennis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Friday, July 10th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, July 10th. Ennis’s dividend payout ratio is 59.88%.

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.