Hsbc Holdings PLC Acquires 47,353 Shares of Ennis, Inc. $EBF

Key Points

• Hsbc Holdings PLC increased its stake in Ennis, Inc. by 109.4%, acquiring an additional 47,353 shares to total 90,649 shares, valued at approximately $1.82 million.
• Ennis recently announced a quarterly dividend of $0.25, representing a 5.4% yield and a payout ratio of 65.79%.
• The company's stock has shown a slight 0.4% increase, with a current share price of $18.51 after reporting earnings of $0.38 EPS, which exceeded estimates.

Hsbc Holdings PLC lifted its holdings in Ennis, Inc. (NYSE:EBF - Free Report) by 109.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 90,649 shares of the industrial products company's stock after purchasing an additional 47,353 shares during the period. Hsbc Holdings PLC owned about 0.35% of Ennis worth $1,820,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EBF. Zions Bancorporation National Association UT bought a new position in shares of Ennis in the 1st quarter worth approximately $48,000. PNC Financial Services Group Inc. lifted its stake in shares of Ennis by 55.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,098 shares of the industrial products company's stock worth $62,000 after purchasing an additional 1,100 shares during the period. CWM LLC lifted its stake in shares of Ennis by 20.5% in the 1st 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 lifted its stake in shares of Ennis by 2,050.0% in the 1st 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 lifted its stake in shares of Ennis by 172.4% in the 1st 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. Institutional investors own 74.33% of the company's stock.

Insider Transactions at Ennis

In other news, Director Walter D. Gruenes bought 5,500 shares of Ennis stock in a transaction that occurred on Monday, July 28th. The stock was bought at an average cost of $17.99 per share, with a total value of $98,945.00. Following the acquisition, the director owned 10,743 shares of the company's stock, valued at $193,266.57. The trade was a 104.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.70% of the company's stock.

Ennis Stock Up 0.4%

Shares of NYSE:EBF opened at $18.51 on Thursday. The firm's 50 day moving average price is $18.23 and its 200-day moving average price is $19.09. The stock has a market capitalization of $477.56 million, a PE ratio of 12.18 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 released its earnings results on Monday, June 23rd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The company had revenue of $97.20 million during the quarter, compared to analyst estimates of $99.30 million. Ennis had a net margin of 10.12% and a return on equity of 12.49%.

Ennis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Friday, July 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Friday, July 11th. Ennis's dividend payout ratio is currently 65.79%.

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.

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