89,662 Shares in Ennis, Inc. $EBF Bought by Jacobs Levy Equity Management Inc.

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EBF. Charles Schwab Investment Management Inc. grew its holdings 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 valued at $19,991,000 after purchasing an additional 725,379 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Ennis by 968.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 279,764 shares of the industrial products company's stock valued at $5,620,000 after acquiring an additional 253,569 shares during the period. Nuveen LLC bought a new stake in shares of Ennis in the first quarter valued at approximately $2,743,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Ennis in the fourth quarter valued at approximately $2,269,000. Finally, American Century Companies Inc. boosted its position in shares of Ennis by 16.2% in the first quarter. American Century Companies Inc. now owns 717,048 shares of the industrial products company's stock valued at $14,405,000 after acquiring an additional 99,841 shares during the period. Institutional investors and hedge funds own 74.33% of the company's stock.

Insider Buying and Selling at Ennis

In other Ennis news, Director Walter D. Gruenes acquired 5,500 shares of Ennis stock in a transaction dated 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 transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company's stock.

Ennis Stock Performance

Shares of EBF traded up $0.09 during mid-day trading on Tuesday, hitting $18.15. The company's stock had a trading volume of 99,298 shares, compared to its average volume of 106,332. Ennis, Inc. has a one year low of $17.15 and a one year high of $25.75. The firm has a market capitalization of $468.27 million, a PE ratio of 11.94 and a beta of 0.47. The stock's 50-day moving average is $18.15 and its two-hundred day moving average is $18.83.

Ennis (NYSE:EBF - Get Free Report) last posted 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 company had revenue of $97.20 million during the quarter, compared to analysts' expectations of $99.30 million.

Ennis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Friday, July 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Friday, July 11th. Ennis's dividend payout ratio is currently 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.