Segall Bryant & Hamill LLC Makes New Investment in Ennis, Inc. (NYSE:EBF)

Segall Bryant & Hamill LLC bought a new stake in shares of Ennis, Inc. (NYSE:EBF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 55,720 shares of the industrial products company's stock, valued at approximately $1,175,000. Segall Bryant & Hamill LLC owned 0.21% of Ennis as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC grew its holdings in Ennis by 34.6% in the third quarter. FMR LLC now owns 3,324 shares of the industrial products company's stock valued at $81,000 after purchasing an additional 855 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Ennis by 14.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 37,033 shares of the industrial products company's stock valued at $901,000 after buying an additional 4,619 shares in the last quarter. De Lisle Partners LLP acquired a new stake in Ennis in the 3rd quarter valued at $250,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 during the period. Finally, Martingale Asset Management L P lifted its holdings in Ennis by 43.7% during the third quarter. Martingale Asset Management L P now owns 56,363 shares of the industrial products company's stock valued at $1,371,000 after purchasing an additional 17,137 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company's stock.

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Analysts Set New Price Targets

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

Ennis Stock Down 0.1 %

Shares of Ennis stock traded down $0.02 during mid-day trading on Wednesday, reaching $20.11. 23,169 shares of the stock traded hands, compared to its average volume of 181,252. The business has a 50-day moving average of $20.76 and a 200 day moving average of $21.34. The stock has a market capitalization of $522.99 million, a PE ratio of 12.64 and a beta of 0.40. Ennis, Inc. has a fifty-two week low of $18.88 and a fifty-two week high of $25.75.

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 issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.97%. 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.