Allspring Global Investments Holdings LLC Has $30.07 Million Stock Holdings in Ennis, Inc. $EBF

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Ennis, Inc. by 1.4%, holding 1,626,260 shares valued at approximately $30.07 million.
• Ennis recently reported quarterly earnings of $0.51 per share, exceeding analyst estimates, and announced a quarterly dividend of $0.25 to be paid on November 7th.
• Analysts have given mixed ratings for Ennis, with Wall Street Zen upgrading it to a "buy" while Weiss Ratings maintained a "hold" rating on the stock.

Allspring Global Investments Holdings LLC decreased its holdings in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,626,260 shares of the industrial products company's stock after selling 23,664 shares during the period. Allspring Global Investments Holdings LLC owned 6.30% of Ennis worth $30,070,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kozak & Associates Inc. bought a new stake in shares of Ennis during the 2nd quarter valued at about $37,000. Zions Bancorporation National Association UT bought a new stake in shares of Ennis during the 1st quarter valued at about $48,000. PNC Financial Services Group Inc. boosted its position in shares of Ennis by 55.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,098 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 1,100 shares in the last quarter. CWM LLC boosted its position in shares of Ennis by 20.5% during the 1st quarter. CWM LLC now owns 4,526 shares of the industrial products company's stock valued at $91,000 after purchasing an additional 770 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Ennis by 2,050.0% during the 1st quarter. GAMMA Investing LLC now owns 4,902 shares of the industrial products company's stock valued at $98,000 after purchasing an additional 4,674 shares in the last quarter. Institutional investors own 74.33% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Ennis from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Ennis in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

Insider Activity at Ennis

In related news, Director Walter D. Gruenes acquired 5,500 shares of the stock in a transaction dated Monday, July 28th. The stock was purchased at an average cost of $17.99 per share, with a total value 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. This trade represents a 104.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by company insiders.

Ennis Stock Performance

Shares of NYSE:EBF opened at $17.46 on Thursday. The business's 50 day simple moving average is $18.12 and its two-hundred day simple moving average is $18.43. The firm has a market cap of $447.50 million, a P/E ratio of 10.71 and a beta of 0.45. Ennis, Inc. has a 52-week low of $17.01 and a 52-week high of $22.29.

Ennis (NYSE:EBF - Get Free Report) last announced its quarterly earnings results on Monday, September 22nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.13. The business had revenue of $98.68 million for the quarter, compared to analyst estimates of $99.00 million. Ennis had a return on equity of 13.99% and a net margin of 10.86%.

Ennis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 5.7%. Ennis's dividend payout ratio is 61.35%.

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.

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