Charles Schwab Investment Management Inc. Has $19.99 Million Holdings in Ennis, Inc. $EBF

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Ennis, Inc. by 268.9% in Q1, owning nearly 1 million shares valued at approximately $20 million.
• Other institutional investors also expanded their positions in Ennis, with 74.33% of the company's shares owned collectively by institutions and hedge funds.
• Ennis recently announced a quarterly dividend of $0.25 per share, resulting in an annualized dividend yield of 5.5%.

Charles Schwab Investment Management Inc. grew its holdings in Ennis, Inc. (NYSE:EBF - Free Report) by 268.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 995,093 shares of the industrial products company's stock after buying an additional 725,379 shares during the period. Charles Schwab Investment Management Inc. owned 3.83% of Ennis worth $19,991,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in Ennis by 55.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,098 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 1,100 shares during the last quarter. CWM LLC raised its position in shares of Ennis by 20.5% in the first quarter. CWM LLC now owns 4,526 shares of the industrial products company's stock valued at $91,000 after purchasing an additional 770 shares during the period. GAMMA Investing LLC lifted its stake in shares of Ennis by 2,050.0% during the 1st quarter. GAMMA Investing LLC now owns 4,902 shares of the industrial products company's stock worth $98,000 after buying an additional 4,674 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Ennis by 172.4% during the 1st quarter. US Bancorp DE now owns 5,435 shares of the industrial products company's stock worth $109,000 after buying an additional 3,440 shares during the period. Finally, Parallel Advisors LLC grew its stake in Ennis by 30.5% in the 1st quarter. Parallel Advisors LLC now owns 5,935 shares of the industrial products company's stock valued at $119,000 after buying an additional 1,386 shares during the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Ennis Stock Up 0.1%

Ennis stock opened at $18.0350 on Friday. The company's 50-day moving average price is $18.23 and its two-hundred day moving average price is $19.15. The stock has a market cap of $465.30 million, a P/E ratio of 11.87 and a beta of 0.48. 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 posted its earnings results on Monday, June 23rd. The industrial products company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. The company had revenue of $97.20 million for the quarter, compared to the consensus estimate of $99.30 million. Ennis had a return on equity of 12.49% and a net margin of 10.12%.

Ennis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Friday, July 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 5.5%. Ennis's dividend payout ratio (DPR) is presently 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.

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