American Century Companies Inc. Acquires 99,841 Shares of Ennis, Inc. $EBF

Key Points

• American Century Companies Inc. has increased its stake in Ennis, Inc. by 16.2%, owning a total of 717,048 shares valued at approximately $14.4 million.
• Ennis recently reported an earnings per share (EPS) of $0.38, exceeding the expected earnings by $0.01, along with a quarterly revenue of $97.20 million.
• The company declared a $0.25 quarterly dividend, reflecting a 5.4% yield and a payout ratio of 65.79%.

American Century Companies Inc. grew its holdings in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 16.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 717,048 shares of the industrial products company's stock after purchasing an additional 99,841 shares during the period. American Century Companies Inc. owned about 2.76% of Ennis worth $14,405,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Ennis by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,836,537 shares of the industrial products company's stock valued at $36,896,000 after purchasing an additional 29,044 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Ennis by 2.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,649,924 shares of the industrial products company's stock valued at $33,196,000 after buying an additional 32,343 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Ennis by 268.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 995,093 shares of the industrial products company's stock valued at $19,991,000 after purchasing an additional 725,379 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Ennis by 5.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 629,143 shares of the industrial products company's stock worth $13,269,000 after purchasing an additional 31,985 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Ennis by 3.6% in the 4th quarter. Northern Trust Corp now owns 317,626 shares of the industrial products company's stock valued at $6,699,000 after purchasing an additional 11,048 shares in the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Walter D. Gruenes bought 5,500 shares of the stock in a transaction dated Monday, July 28th. The shares were bought at an average cost of $17.99 per share, with a total value of $98,945.00. Following the completion of the transaction, the director directly owned 10,743 shares of the company's stock, valued at $193,266.57. This trade represents a 104.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.70% of the company's stock.

Ennis Price Performance

NYSE:EBF traded down $0.13 during trading hours on Friday, hitting $18.28. The company's stock had a trading volume of 42,718 shares, compared to its average volume of 169,084. The company has a market capitalization of $471.62 million, a P/E ratio of 12.03 and a beta of 0.48. The stock has a fifty day simple moving average of $18.23 and a 200-day simple moving average of $19.08. Ennis, Inc. has a twelve month low of $17.15 and a twelve month high of $25.75.

Ennis (NYSE:EBF - Get Free Report) last issued its quarterly earnings data on Monday, June 23rd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. Ennis had a net margin of 10.12% and a return on equity of 12.49%. The business had revenue of $97.20 million during the quarter, compared to analyst estimates of $99.30 million.

Ennis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Friday, July 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 5.5%. Ennis's dividend payout ratio is currently 65.79%.

Ennis Company 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.