Royce & Associates LP Has $31.32 Million Stock Position in Ennis, Inc. (NYSE:EBF)

Royce & Associates LP lifted its stake in Ennis, Inc. (NYSE:EBF) by 0.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,485,200 shares of the industrial products company’s stock after purchasing an additional 5,601 shares during the quarter. Royce & Associates LP owned 5.71% of Ennis worth $31,323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vestcor Inc boosted its position in shares of Ennis by 3.7% in the 4th quarter. Vestcor Inc now owns 50,049 shares of the industrial products company’s stock valued at $1,056,000 after purchasing an additional 1,789 shares during the period. Inspire Advisors LLC boosted its position in shares of Ennis by 43.8% in the 4th quarter. Inspire Advisors LLC now owns 19,924 shares of the industrial products company’s stock valued at $420,000 after purchasing an additional 6,064 shares during the period. Seizert Capital Partners LLC boosted its position in shares of Ennis by 34.9% in the 4th quarter. Seizert Capital Partners LLC now owns 23,003 shares of the industrial products company’s stock valued at $485,000 after purchasing an additional 5,950 shares during the period. Denali Advisors LLC acquired a new position in shares of Ennis in the 4th quarter valued at $1,001,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Ennis by 6.3% in the 4th quarter. Bank of New York Mellon Corp now owns 349,421 shares of the industrial products company’s stock valued at $7,369,000 after purchasing an additional 20,819 shares during the period. Institutional investors and hedge funds own 74.33% of the company’s stock.

Analysts Set New Price Targets

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

Ennis Trading Up 0.5 %

Shares of NYSE EBF opened at $21.23 on Friday. Ennis, Inc. has a one year low of $18.88 and a one year high of $25.75. The firm has a market capitalization of $552.13 million, a PE ratio of 13.35 and a beta of 0.40. The business has a 50-day moving average price of $20.84 and a two-hundred day moving average price of $21.60.

Ennis (NYSE:EBF) last announced its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Ennis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.00 dividend on an annualized basis and a yield of 4.71%. Ennis’s payout ratio is presently 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.