24,000 Shares in Ennis, Inc. (NYSE:EBF) Acquired by Annis Gardner Whiting Capital Advisors LLC

Key Points

• Annis Gardner Whiting Capital Advisors LLC has made a new investment of $482,000 in Ennis, Inc. by acquiring 24,000 shares of the company's stock.
• Ennis announced a $0.25 quarterly dividend to be paid on August 11th, resulting in an annualized yield of 5.6%.
• The company recently reported earnings of $0.38 per share, surpassing analysts' expectations and showing a return on equity of 12.49%.

Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Ennis, Inc. (NYSE:EBF - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,000 shares of the industrial products company's stock, valued at approximately $482,000. Annis Gardner Whiting Capital Advisors LLC owned approximately 0.09% of Ennis as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Ennis in the 1st quarter valued at about $427,000. Rhumbline Advisers grew its position in Ennis by 24.3% during the 1st quarter. Rhumbline Advisers now owns 86,639 shares of the industrial products company's stock worth $1,741,000 after purchasing an additional 16,943 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Ennis by 13.9% in the fourth quarter. Ameriprise Financial Inc. now owns 124,656 shares of the industrial products company's stock valued at $2,629,000 after purchasing an additional 15,252 shares during the period. Millennium Management LLC boosted its holdings in Ennis by 423.0% in the fourth quarter. Millennium Management LLC now owns 48,554 shares of the industrial products company's stock valued at $1,024,000 after purchasing an additional 39,270 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Ennis by 70.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,958 shares of the industrial products company's stock valued at $1,033,000 after purchasing an additional 20,207 shares in the last quarter. Institutional investors own 74.33% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Ennis from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 22nd.

Ennis Price Performance

Shares of NYSE:EBF traded up $0.17 during midday trading on Friday, reaching $18.15. 189,073 shares of the company's stock were exchanged, compared to its average volume of 168,413. The firm's 50 day simple moving average is $18.32 and its two-hundred day simple moving average is $19.31. Ennis, Inc. has a fifty-two week low of $17.15 and a fifty-two week high of $25.75. The stock has a market cap of $468.27 million, a price-to-earnings ratio of 11.94 and a beta of 0.48.

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

Ennis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Friday, July 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, July 11th. Ennis's dividend payout ratio (DPR) is 65.79%.

Insider Activity at Ennis

In other news, Director Walter D. Gruenes bought 5,500 shares of the business's stock in a transaction dated Monday, July 28th. The shares were acquired at an average price of $17.99 per share, for a total transaction of $98,945.00. Following the completion of the transaction, the director owned 10,743 shares of the company's stock, valued at approximately $193,266.57. This trade represents a 104.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is owned by company insiders.

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.