Ennis, Inc. (NYSE:EBF) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ennis, Inc. (NYSE:EBF - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 629,143 shares of the industrial products company's stock after purchasing an additional 31,985 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.42% of Ennis worth $13,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of EBF. JPMorgan Chase & Co. lifted its stake in shares of Ennis by 282.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company's stock worth $6,103,000 after acquiring an additional 185,373 shares during the last quarter. American Century Companies Inc. increased its stake 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 purchasing an additional 133,036 shares during the period. Teacher Retirement System of Texas lifted its position in shares of 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 during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Ennis during the fourth quarter valued at $1,175,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of 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 worth $33,888,000 after purchasing an additional 50,792 shares during the last quarter. Hedge funds and other institutional investors own 74.33% of the company's stock.

Insider Activity at Ennis

In other Ennis news, Director Michael J. Schaefer sold 9,612 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $896,766.78. This trade represents a 16.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 19,873 shares of company stock worth $357,330 over the last three months. 3.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Ennis Price Performance

Shares of NYSE:EBF traded down $0.23 during trading on Wednesday, reaching $19.12. 18,479 shares of the company were exchanged, compared to its average volume of 153,758. The business's fifty day simple moving average is $19.23 and its 200-day simple moving average is $20.40. Ennis, Inc. has a 12-month low of $17.15 and a 12-month high of $25.75. The firm has a market capitalization of $498.00 million, a PE ratio of 12.03 and a beta of 0.46.

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

Ennis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 14th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.00 annualized dividend and a dividend yield of 5.23%. Ennis's dividend payout ratio is currently 64.52%.

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.