Hotchkis & Wiley Capital Management LLC Cuts Stock Position in Ennis, Inc. $EBF

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its stake in Ennis, Inc. by 51.1% during the first quarter, now owning approximately 154,740 shares valued at $3,109,000.
• Several institutional investors, including Federated Hermes Inc. and CWM LLC, have increased their holdings in Ennis, showcasing significant interest in the company.
• Ennis recently reported a quarterly EPS of $0.38, surpassing analysts' expectations, and announced a dividend of $0.25 per share, reflecting a yield of 5.4%.

Hotchkis & Wiley Capital Management LLC reduced its holdings in Ennis, Inc. (NYSE:EBF - Free Report) by 51.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 154,740 shares of the industrial products company's stock after selling 161,530 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.59% of Ennis worth $3,109,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EBF. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Ennis in the first quarter valued at approximately $427,000. Rhumbline Advisers grew its stake in Ennis by 24.3% in the first quarter. Rhumbline Advisers now owns 86,639 shares of the industrial products company's stock valued at $1,741,000 after acquiring an additional 16,943 shares during the period. Ameriprise Financial Inc. grew its stake in 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 acquiring an additional 15,252 shares during the period. Millennium Management LLC grew its stake 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 acquiring an additional 39,270 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Ennis by 70.3% in the fourth 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 acquiring an additional 20,207 shares during the period. 74.33% of the stock is currently owned by institutional investors.

Ennis Stock Performance

Ennis stock traded down $0.17 during mid-day trading on Friday, reaching $18.24. The stock had a trading volume of 135,051 shares, compared to its average volume of 133,077. Ennis, Inc. has a fifty-two week low of $17.15 and a fifty-two week high of $25.75. The stock's 50-day simple moving average is $18.23 and its 200-day simple moving average is $19.04. The firm has a market capitalization of $470.59 million, a PE ratio of 12.00 and a beta of 0.47.

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

Ennis Announces Dividend

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

Insider Activity

In related news, Director Walter D. Gruenes bought 5,500 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were bought at an average price 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 in the company, 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 SEC, which can be accessed through this link. 3.70% of the stock is currently owned by insiders.

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.