KLP Kapitalforvaltning AS Purchases New Position in Ennis, Inc. (NYSE:EBF)

KLP Kapitalforvaltning AS purchased a new stake in Ennis, Inc. (NYSE:EBF) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 47,800 shares of the industrial products company’s stock, valued at approximately $1,008,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Ennis by 282.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company’s stock valued at $6,103,000 after buying an additional 185,373 shares during the last quarter. American Century Companies Inc. boosted its stake in Ennis by 27.5% in the fourth quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company’s stock valued at $13,017,000 after acquiring an additional 133,036 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Ennis by 49.0% during the fourth quarter. Teacher Retirement System of Texas now owns 188,310 shares of the industrial products company’s stock worth $3,971,000 after purchasing an additional 61,919 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Ennis by 3.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,617,581 shares of the industrial products company’s stock worth $33,888,000 after purchasing an additional 50,792 shares in the last quarter. Finally, Denali Advisors LLC purchased a new stake in shares of Ennis in the 4th quarter valued at about $1,001,000. Institutional investors and hedge funds own 74.33% of the company’s stock.

Analyst Ratings Changes

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

Ennis Price Performance

EBF stock opened at $20.14 on Monday. Ennis, Inc. has a 12 month low of $18.88 and a 12 month high of $25.75. The company has a market cap of $523.77 million, a price-to-earnings ratio of 12.66 and a beta of 0.40. The company has a fifty day moving average price of $20.79 and a 200 day moving average price of $21.39.

Ennis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Monday, April 14th will be paid 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 dividend yield of 4.97%. Ennis’s dividend payout ratio (DPR) 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.