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

Bank of America Corp DE grew its position in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,823 shares of the industrial products company's stock after buying 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 filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EBF. American Century Companies Inc. raised its position in Ennis by 27.5% in the fourth quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company's stock worth $13,017,000 after acquiring an additional 133,036 shares during the period. Teacher Retirement System of Texas grew its stake 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 valued at $3,971,000 after acquiring an additional 61,919 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Ennis during the fourth quarter valued at $1,175,000. Allspring Global Investments Holdings LLC grew its stake in Ennis by 3.2% during 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 acquiring an additional 50,792 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Ennis in the 4th quarter worth $1,008,000. Institutional investors own 74.33% of the company's stock.

Ennis Price Performance

Shares of NYSE:EBF traded down $0.16 during trading hours on Monday, hitting $18.51. The company's stock had a trading volume of 130,799 shares, compared to its average volume of 155,438. Ennis, Inc. has a 52 week low of $17.15 and a 52 week high of $25.75. The company has a market capitalization of $482.19 million, a price-to-earnings ratio of 11.64 and a beta of 0.46. The firm's fifty day moving average price is $18.92 and its 200 day moving average price is $20.23.

Ennis (NYSE:EBF - Get Free Report) last issued 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). Ennis had a return on equity of 12.16% and a net margin of 10.35%. The firm had revenue of $92.70 million during the quarter, compared to analysts' expectations of $95.60 million.

Ennis Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Ennis

In other Ennis news, Director Michael J. Schaefer sold 1,860 shares of the company's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $18.00, for a total transaction of $33,480.00. Following the completion of the transaction, the director now directly owns 32,747 shares in the company, valued at approximately $589,446. This represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 19,873 shares of company stock worth $357,330. Company insiders own 3.50% of the company's stock.

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.