Ennis, Inc. (NYSE:EBF) Holdings Lowered by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in Ennis, Inc. (NYSE:EBF) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,252 shares of the industrial products company’s stock after selling 1,319 shares during the quarter. Federated Hermes Inc.’s holdings in Ennis were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of EBF. Allspring Global Investments Holdings LLC increased its position in shares of Ennis by 3.2% in 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 acquiring an additional 50,792 shares in the last quarter. Royce & Associates LP grew its position in Ennis by 0.4% during the 4th quarter. Royce & Associates LP now owns 1,485,200 shares of the industrial products company’s stock worth $31,323,000 after purchasing an additional 5,601 shares in the last quarter. Geode Capital Management LLC grew its position in Ennis by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 723,432 shares of the industrial products company’s stock worth $15,260,000 after purchasing an additional 16,508 shares in the last quarter. American Century Companies Inc. raised its stake in Ennis by 27.5% during the 4th quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company’s stock valued at $13,017,000 after purchasing an additional 133,036 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Ennis by 6.3% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Ennis Price Performance

NYSE EBF opened at $18.71 on Thursday. The firm has a market capitalization of $486.70 million, a price-to-earnings ratio of 11.77 and a beta of 0.40. The company has a 50 day simple moving average of $20.40 and a 200-day simple moving average of $20.97. Ennis, Inc. has a 52-week low of $18.46 and a 52-week high of $25.75.

Ennis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date of this dividend is Monday, April 14th. Ennis’s dividend payout ratio (DPR) is currently 62.89%.

Analyst Upgrades and Downgrades

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

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.