Ennis, Inc. (NYSE:EBF) Position Increased by Aviva PLC

Aviva PLC grew its stake in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 225.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,612 shares of the industrial products company's stock after purchasing an additional 19,812 shares during the quarter. Aviva PLC owned 0.11% of Ennis worth $603,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in Ennis by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 706,924 shares of the industrial products company's stock valued at $17,195,000 after buying an additional 36,187 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Ennis by 282.8% in the third quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company's stock valued at $6,103,000 after purchasing an additional 185,373 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Ennis by 61.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 28,751 shares of the industrial products company's stock valued at $699,000 after purchasing an additional 10,995 shares in the last quarter. American Century Companies Inc. increased its holdings 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 purchasing an additional 133,036 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Ennis in the 4th quarter valued at approximately $283,000. Hedge funds and other institutional investors own 74.33% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Ennis from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 21st.

Ennis Stock Performance

Shares of Ennis stock traded up $0.02 during trading on Wednesday, reaching $18.92. The company had a trading volume of 13,529 shares, compared to its average volume of 183,613. Ennis, Inc. has a fifty-two week low of $18.46 and a fifty-two week high of $25.75. The firm's fifty day moving average is $20.43 and its 200-day moving average is $20.98. The company has a market cap of $492.17 million, a price-to-earnings ratio of 11.90 and a beta of 0.40.

Ennis Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.29%. The ex-dividend date is Monday, April 14th. Ennis's payout ratio is currently 62.89%.

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.