Goldman Sachs Group Inc. Has $7.31 Million Stock Holdings in Ennis, Inc. $EBF

Key Points

• Goldman Sachs Group Inc. has increased its holdings in Ennis, Inc. by 34.0% in the first quarter, owning approximately 363,680 shares valued at about $7.31 million.
• Ennis recently announced a quarterly dividend of $0.25 per share, representing a 5.6% dividend yield with a dividend payout ratio of 65.79%.
• Ennis reported earnings of $0.38 per share for the latest quarter, exceeding analyst expectations while generating a revenue of $97.20 million.

Goldman Sachs Group Inc. grew its holdings in Ennis, Inc. (NYSE:EBF - Free Report) by 34.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 363,680 shares of the industrial products company's stock after buying an additional 92,266 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.40% of Ennis worth $7,306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Northern Trust Corp increased its position in Ennis by 3.6% in the fourth quarter. Northern Trust Corp now owns 317,626 shares of the industrial products company's stock worth $6,699,000 after purchasing an additional 11,048 shares during the period. Jane Street Group LLC increased its position in Ennis by 9.5% in the fourth quarter. Jane Street Group LLC now owns 33,263 shares of the industrial products company's stock worth $702,000 after purchasing an additional 2,896 shares during the period. Ameriprise Financial Inc. increased its position in Ennis by 13.9% in the fourth quarter. Ameriprise Financial Inc. now owns 124,656 shares of the industrial products company's stock worth $2,629,000 after purchasing an additional 15,252 shares during the period. Bank of America Corp DE grew its position in shares of Ennis by 21.3% during the 4th quarter. Bank of America Corp DE now owns 217,823 shares of the industrial products company's stock worth $4,594,000 after buying an additional 38,304 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of Ennis by 31.6% during the 4th quarter. Lazard Asset Management LLC now owns 14,448 shares of the industrial products company's stock worth $304,000 after buying an additional 3,470 shares during the period. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Ennis Trading Up 0.5%

Shares of NYSE:EBF traded up $0.09 during trading on Tuesday, hitting $18.15. 99,298 shares of the company's stock traded hands, compared to its average volume of 106,332. Ennis, Inc. has a 52 week low of $17.15 and a 52 week high of $25.75. The company has a market cap of $468.27 million, a price-to-earnings ratio of 11.94 and a beta of 0.47. The company has a 50-day moving average price of $18.15 and a 200-day moving average price of $18.83.

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

Ennis Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Friday, July 11th were paid a $0.25 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 5.5%. Ennis's payout ratio is presently 65.79%.

Insider Buying and Selling

In other news, Director Walter D. Gruenes bought 5,500 shares of the business's stock in a transaction on Monday, July 28th. The shares were purchased at an average price of $17.99 per share, for a total transaction of $98,945.00. Following the purchase, the director owned 10,743 shares of the company's stock, valued at approximately $193,266.57. The trade was a 104.90% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.70% of the company's stock.

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.