MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Position in Ennis, Inc. $EBF

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ennis, Inc. by 3.7%, holding a total of 652,182 shares worth approximately $13.1 million.
• Ennis recently declared a quarterly dividend of $0.25, resulting in an annualized yield of 5.4% and a dividend payout ratio of 65.79%.
• Ennis reported earnings of $0.38 EPS for the last quarter, surpassing analysts' expectations by $0.01.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 652,182 shares of the industrial products company's stock after buying an additional 23,039 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.51% of Ennis worth $13,102,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Ennis by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,836,537 shares of the industrial products company's stock worth $36,896,000 after acquiring an additional 29,044 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Ennis by 2.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,649,924 shares of the industrial products company's stock worth $33,196,000 after acquiring an additional 32,343 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ennis by 268.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 995,093 shares of the industrial products company's stock worth $19,991,000 after acquiring an additional 725,379 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Ennis by 16.2% in the 1st quarter. American Century Companies Inc. now owns 717,048 shares of the industrial products company's stock worth $14,405,000 after acquiring an additional 99,841 shares in the last quarter. Finally, Northern Trust Corp grew its position in Ennis by 3.6% during the fourth quarter. Northern Trust Corp now owns 317,626 shares of the industrial products company's stock valued at $6,699,000 after buying an additional 11,048 shares during the period. Institutional investors and hedge funds own 74.33% of the company's stock.

Insider Activity

In other news, Director Walter D. Gruenes purchased 5,500 shares of the stock in a transaction dated Monday, July 28th. The shares were purchased at an average cost of $17.99 per share, with a total value of $98,945.00. Following the completion of the acquisition, the director owned 10,743 shares in the company, valued at $193,266.57. This represents a 104.90% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.70% of the company's stock.

Ennis Stock Down 2.1%

EBF traded down $0.38 during trading on Friday, hitting $17.99. 73,824 shares of the company traded hands, compared to its average volume of 107,302. The firm has a market cap of $464.14 million, a P/E ratio of 11.84 and a beta of 0.47. The stock's fifty day moving average is $18.17 and its 200 day moving average is $18.86. Ennis, Inc. has a one year low of $17.15 and a one year high of $25.75.

Ennis (NYSE:EBF - Get Free Report) last issued its earnings results on Monday, June 23rd. The industrial products company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The firm 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 declared a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Friday, July 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, July 11th. Ennis's dividend 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.