Ennis, Inc. (NYSE:EBF) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE increased its stake in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 21.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 217,823 shares of the industrial products company's stock after purchasing an additional 38,304 shares during the quarter. Bank of America Corp DE owned 0.84% of Ennis worth $4,594,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its position in Ennis by 27.5% during the 4th quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company's stock worth $13,017,000 after buying an additional 133,036 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Ennis by 49.0% during the fourth quarter. Teacher Retirement System of Texas now owns 188,310 shares of the industrial products company's stock worth $3,971,000 after purchasing an additional 61,919 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Ennis during the fourth quarter worth about $1,175,000. Allspring Global Investments Holdings LLC lifted its position in Ennis by 3.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,617,581 shares of the industrial products company's stock valued at $33,888,000 after purchasing an additional 50,792 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Ennis in the 4th quarter valued at about $1,008,000. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

Ennis Trading Down 0.3%

Shares of NYSE:EBF traded down $0.05 during trading on Friday, hitting $18.67. 136,620 shares of the stock were exchanged, compared to its average volume of 155,599. The company has a market cap of $486.41 million, a PE ratio of 11.74 and a beta of 0.46. The company has a fifty day moving average price of $18.92 and a two-hundred day moving average price of $20.25. Ennis, Inc. has a 12-month low of $17.15 and a 12-month high of $25.75.

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

Ennis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Monday, April 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend was Monday, April 14th. Ennis's dividend payout ratio (DPR) is presently 64.52%.

Insider Transactions at Ennis

In related news, Director Michael J. Schaefer sold 9,612 shares of Ennis stock in a transaction on Friday, April 25th. The shares were sold at an average price of $17.94, for a total transaction of $172,439.28. Following the transaction, the director now owns 49,987 shares in the company, valued at approximately $896,766.78. The trade was a 16.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 19,873 shares of company stock worth $357,330. 3.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Ennis Company 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.