Bank of New York Mellon Corp Grows Position in Ennis, Inc. (NYSE:EBF)

Bank of New York Mellon Corp increased its holdings in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 349,421 shares of the industrial products company's stock after purchasing an additional 20,819 shares during the period. Bank of New York Mellon Corp owned approximately 1.34% of Ennis worth $7,369,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EBF. FMR LLC grew its stake in shares of Ennis by 34.6% in the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company's stock valued at $81,000 after buying an additional 855 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Ennis by 8,888.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company's stock valued at $85,000 after buying an additional 4,000 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Ennis by 46.0% during the fourth quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company's stock worth $131,000 after acquiring an additional 1,951 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in shares of Ennis by 10.3% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company's stock worth $150,000 after acquiring an additional 663 shares during the last quarter. Finally, EMC Capital Management lifted its position in Ennis by 355.3% in the 4th quarter. EMC Capital Management now owns 9,848 shares of the industrial products company's stock valued at $208,000 after acquiring an additional 7,685 shares in the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

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Ennis Price Performance

Shares of EBF stock traded up $0.13 on Wednesday, hitting $21.31. The stock had a trading volume of 119,195 shares, compared to its average volume of 143,184. The business has a 50 day moving average of $20.85 and a 200 day moving average of $21.55. Ennis, Inc. has a 12-month low of $18.88 and a 12-month high of $25.75. The stock has a market cap of $554.31 million, a price-to-earnings ratio of 13.38 and a beta of 0.40.

Ennis (NYSE:EBF - Get Free Report) last posted its earnings results on Monday, December 23rd. The industrial products company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

Ennis Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Friday, January 10th. Ennis's dividend payout ratio (DPR) is currently 62.89%.

Analysts Set New Price Targets

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

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.