Allianz Asset Management GmbH Buys 165,437 Shares of Ennis, Inc. $EBF

Allianz Asset Management GmbH grew its holdings in Ennis, Inc. (NYSE:EBF) by 504.8% during the second quarter, Holdings Channel.com reports. The firm owned 198,211 shares of the industrial products company’s stock after acquiring an additional 165,437 shares during the period. Allianz Asset Management GmbH’s holdings in Ennis were worth $3,596,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Ennis in the first quarter worth $427,000. Jump Financial LLC acquired a new position in Ennis in the first quarter worth $497,000. Charles Schwab Investment Management Inc. boosted its stake in Ennis by 268.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 995,093 shares of the industrial products company’s stock worth $19,991,000 after purchasing an additional 725,379 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in Ennis in the first quarter worth $1,161,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Ennis by 2.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,649,924 shares of the industrial products company’s stock worth $33,196,000 after purchasing an additional 32,343 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Insider Activity

In related news, Director Walter D. Gruenes bought 5,500 shares of the business’s stock in a transaction on Monday, July 28th. The shares were purchased at an average price of $17.99 per share, with a total value of $98,945.00. Following the completion of the purchase, the director owned 10,743 shares of the company’s stock, valued at $193,266.57. This represents a 104.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by company insiders.

Ennis Stock Down 0.3%

Shares of EBF opened at $17.00 on Friday. Ennis, Inc. has a 12-month low of $16.83 and a 12-month high of $22.29. The firm has a market capitalization of $435.58 million, a PE ratio of 10.43 and a beta of 0.45. The stock’s fifty day simple moving average is $17.99 and its 200-day simple moving average is $18.32.

Ennis (NYSE:EBF) last issued its quarterly earnings results on Monday, September 22nd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.13. Ennis had a return on equity of 13.99% and a net margin of 10.86%.The business had revenue of $98.68 million for the quarter, compared to analyst estimates of $99.00 million.

Ennis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, October 10th. Ennis’s dividend payout ratio is 61.35%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EBF shares. Wall Street Zen raised Ennis from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Ennis in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.