Ameriprise Financial Inc. Purchases 15,252 Shares of Ennis, Inc. (NYSE:EBF)

Ameriprise Financial Inc. boosted its stake in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 13.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,656 shares of the industrial products company's stock after buying an additional 15,252 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.48% of Ennis worth $2,629,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its holdings in Ennis by 3.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,617,581 shares of the industrial products company's stock worth $33,888,000 after buying an additional 50,792 shares during the period. Royce & Associates LP lifted its stake in shares of Ennis by 0.4% in the 4th quarter. Royce & Associates LP now owns 1,485,200 shares of the industrial products company's stock valued at $31,323,000 after purchasing an additional 5,601 shares during the period. Geode Capital Management LLC lifted its stake in shares of Ennis by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 723,432 shares of the industrial products company's stock valued at $15,260,000 after purchasing an additional 16,508 shares during the period. American Century Companies Inc. lifted its stake in shares of Ennis by 27.5% in the 4th quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company's stock valued at $13,017,000 after purchasing an additional 133,036 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Ennis by 6.3% in the 4th quarter. Bank of New York Mellon Corp now owns 349,421 shares of the industrial products company's stock valued at $7,369,000 after purchasing an additional 20,819 shares during the period. 74.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ennis

In related news, Director Michael J. Schaefer sold 9,612 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $17.94, for a total value of $172,439.28. Following the completion of the sale, the director now directly owns 49,987 shares of the company's stock, valued at $896,766.78. The trade was a 16.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 19,873 shares of company stock valued at $357,330 in the last three months. Corporate insiders own 3.50% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Ennis from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 22nd.

Ennis Stock Performance

Shares of NYSE:EBF traded down $0.16 during midday trading on Monday, reaching $18.51. The company's stock had a trading volume of 130,799 shares, compared to its average volume of 155,438. The firm has a market capitalization of $482.19 million, a price-to-earnings ratio of 11.64 and a beta of 0.46. The firm has a 50 day moving average price of $18.92 and a two-hundred day moving average price of $20.23. Ennis, Inc. has a fifty-two week low of $17.15 and a fifty-two week high of $25.75.

Ennis (NYSE:EBF - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02). The business had revenue of $92.70 million during the quarter, compared to analyst estimates of $95.60 million. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

Ennis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date was Monday, April 14th. Ennis's dividend payout ratio is 64.52%.

Ennis Profile

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.