KLP Kapitalforvaltning AS Makes New Investment in Ennis, Inc. (NYSE:EBF)

KLP Kapitalforvaltning AS purchased a new position in shares of Ennis, Inc. (NYSE:EBF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 47,800 shares of the industrial products company's stock, valued at approximately $1,008,000. KLP Kapitalforvaltning AS owned about 0.18% of Ennis at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its position 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. JPMorgan Chase & Co. grew its position 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 acquiring an additional 185,373 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Ennis by 61.9% during the third 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 worth $699,000 after acquiring an additional 10,995 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Ennis by 8,888.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company's stock worth $85,000 after acquiring an additional 4,000 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Ennis by 143.1% in the fourth quarter. New York State Common Retirement Fund now owns 23,615 shares of the industrial products company's stock worth $498,000 after acquiring an additional 13,900 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

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

Ennis Stock Up 0.5 %

Shares of NYSE:EBF traded up $0.10 during trading on Wednesday, hitting $20.22. 61,091 shares of the company were exchanged, compared to its average volume of 181,859. Ennis, Inc. has a 1-year low of $18.88 and a 1-year high of $25.75. The company has a market capitalization of $525.98 million, a P/E ratio of 12.72 and a beta of 0.40. The business's 50 day moving average is $20.76 and its 200-day moving average is $21.34.

Ennis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Monday, April 14th. Ennis's payout ratio is 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.