Globeflex Capital L P Has $174,000 Holdings in Ennis, Inc. (NYSE:EBF)

Globeflex Capital L P cut its holdings in Ennis, Inc. (NYSE:EBF - Free Report) by 73.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,273 shares of the industrial products company's stock after selling 23,290 shares during the period. Globeflex Capital L P's holdings in Ennis were worth $174,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EBF. Allspring Global Investments Holdings LLC boosted its position 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 purchasing an additional 50,792 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Ennis by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 706,924 shares of the industrial products company's stock worth $17,195,000 after purchasing an additional 36,187 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Ennis by 6.3% during the 4th quarter. Bank of New York Mellon Corp now owns 349,421 shares of the industrial products company's stock worth $7,369,000 after purchasing an additional 20,819 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Ennis by 282.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company's stock valued at $6,103,000 after buying an additional 185,373 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Ennis by 35.7% in the third quarter. Barclays PLC now owns 128,298 shares of the industrial products company's stock valued at $3,120,000 after buying an additional 33,748 shares in the last quarter. Institutional investors own 74.33% of the company's stock.

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Wall Street Analyst Weigh In

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

Ennis Stock Performance

NYSE:EBF traded down $0.20 during mid-day trading on Thursday, hitting $21.04. The stock had a trading volume of 228,901 shares, compared to its average volume of 146,338. Ennis, Inc. has a twelve month low of $18.88 and a twelve month high of $25.75. The stock has a market cap of $547.34 million, a price-to-earnings ratio of 13.23 and a beta of 0.40. The company's 50 day simple moving average is $20.86 and its 200 day simple moving average is $21.55.

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

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.