Jacobs Levy Equity Management Inc. Invests $1.80 Million in Ennis, Inc. $EBF

Key Points

• Jacobs Levy Equity Management Inc. acquired a new position in Ennis, Inc. by purchasing 89,662 shares valued at approximately $1.8 million, representing 0.34% ownership of the company.
• Insider purchases include Director Walter D. Gruenes acquiring 5,500 shares at $17.99 each, increasing his ownership by 104.90%.
• Ennis, Inc. recently reported earnings of $0.38 per share, exceeding analyst expectations, while the company also announced a quarterly dividend of $0.25 per share, yielding 5.6%.

Jacobs Levy Equity Management Inc. bought a new stake in Ennis, Inc. (NYSE:EBF - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 89,662 shares of the industrial products company's stock, valued at approximately $1,801,000. Jacobs Levy Equity Management Inc. owned approximately 0.34% of Ennis as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Ennis by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,836,537 shares of the industrial products company's stock valued at $36,896,000 after purchasing an additional 29,044 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Ennis by 2.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,649,924 shares of the industrial products company's stock valued at $33,196,000 after purchasing an additional 32,343 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Ennis by 268.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 995,093 shares of the industrial products company's stock worth $19,991,000 after buying an additional 725,379 shares during the period. American Century Companies Inc. boosted its stake in Ennis by 16.2% during the first quarter. American Century Companies Inc. now owns 717,048 shares of the industrial products company's stock worth $14,405,000 after buying an additional 99,841 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Ennis by 5.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 629,143 shares of the industrial products company's stock worth $13,269,000 after buying an additional 31,985 shares during the period. 74.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Walter D. Gruenes acquired 5,500 shares of the company's stock in a transaction 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 completion of the purchase, the director directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by insiders.

Ennis Stock Performance

NYSE EBF traded down $0.38 on Friday, hitting $17.99. 73,824 shares of the stock were exchanged, compared to its average volume of 108,987. The stock has a fifty day moving average price of $18.17 and a two-hundred day moving average price of $18.88. The firm has a market capitalization of $464.05 million, a P/E ratio of 11.84 and a beta of 0.47. Ennis, Inc. has a 52-week low of $17.15 and a 52-week high of $25.75.

Ennis (NYSE:EBF - Get Free Report) last posted its quarterly earnings data on Monday, June 23rd. The industrial products company reported $0.38 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 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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Friday, July 11th. Ennis's payout ratio 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.