Goldman Sachs Group Inc. Acquires 92,266 Shares of 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. lifted its stake in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 34.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 363,680 shares of the industrial products company's stock after purchasing an additional 92,266 shares during the period. Goldman Sachs Group Inc. owned approximately 1.40% of Ennis worth $7,306,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Zions Bancorporation National Association UT acquired a new position in Ennis in the first quarter valued at approximately $48,000. PNC Financial Services Group Inc. lifted its holdings in Ennis by 55.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,098 shares of the industrial products company's stock valued at $62,000 after buying an additional 1,100 shares during the period. CWM LLC raised its holdings in Ennis by 20.5% in the first quarter. CWM LLC now owns 4,526 shares of the industrial products company's stock worth $91,000 after purchasing an additional 770 shares during the period. GAMMA Investing LLC raised its holdings in Ennis by 2,050.0% in the first quarter. GAMMA Investing LLC now owns 4,902 shares of the industrial products company's stock worth $98,000 after purchasing an additional 4,674 shares during the period. Finally, US Bancorp DE raised its holdings in Ennis by 172.4% in the first quarter. US Bancorp DE now owns 5,435 shares of the industrial products company's stock worth $109,000 after purchasing an additional 3,440 shares during the period. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ennis

In other Ennis news, Director Walter D. Gruenes purchased 5,500 shares of the stock in a transaction on Monday, July 28th. The shares were purchased at an average cost 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. This represents a 104.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.70% of the company's stock.

Ennis Price Performance

EBF traded down $0.08 during mid-day trading on Friday, hitting $18.22. The stock had a trading volume of 53,732 shares, compared to its average volume of 165,106. The stock's fifty day simple moving average is $18.14 and its 200-day simple moving average is $18.81. The firm has a market capitalization of $470.06 million, a price-to-earnings ratio of 11.99 and a beta of 0.47. Ennis, Inc. has a 1-year low of $17.15 and a 1-year 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 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. Ennis had a net margin of 10.12% and a return on equity of 12.49%. The company had revenue of $97.20 million for the quarter, compared to analyst estimates of $99.30 million.

About Ennis

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.