Intech Investment Management LLC Takes $283,000 Position in Ennis, Inc. (NYSE:EBF)

Intech Investment Management LLC purchased a new stake in shares of Ennis, Inc. (NYSE:EBF - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,425 shares of the industrial products company's stock, valued at approximately $283,000. Intech Investment Management LLC owned about 0.05% of Ennis as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Ennis by 282.8% during the third quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company's stock valued at $6,103,000 after acquiring an additional 185,373 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Ennis by 3.2% during the 4th 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. Denali Advisors LLC purchased a new stake in Ennis in the 4th quarter worth approximately $1,001,000. Geode Capital Management LLC grew its position in shares of Ennis by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 706,924 shares of the industrial products company's stock worth $17,195,000 after buying an additional 36,187 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Ennis by 35.7% during 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 during the period. Hedge funds and other institutional investors own 74.33% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Ennis Stock Down 1.4 %

Shares of EBF traded down $0.30 during trading hours on Friday, reaching $20.14. 127,806 shares of the company traded hands, compared to its average volume of 141,993. Ennis, Inc. has a 12 month low of $18.88 and a 12 month high of $25.75. The company's fifty day moving average price is $20.79 and its two-hundred day moving average price is $21.39. The company has a market capitalization of $523.77 million, a price-to-earnings ratio of 12.66 and a beta of 0.40.

Ennis Dividend Announcement

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 given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $1.00 annualized dividend and a yield of 4.97%. Ennis's payout ratio is 62.89%.

Ennis 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.