MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake 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. lifted its position in Ennis, Inc. (NYSE:EBF - Free Report) by 3.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 652,182 shares of the industrial products company's stock after purchasing an additional 23,039 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 2.51% of Ennis worth $13,102,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of EBF. Zions Bancorporation National Association UT bought a new stake in shares of Ennis in the 1st quarter valued at about $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 valued at $62,000 after acquiring an additional 1,100 shares during the last quarter. 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 valued at $91,000 after acquiring an additional 770 shares during the last quarter. 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 valued at $98,000 after acquiring an additional 4,674 shares during the last quarter. 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 valued at $109,000 after acquiring an additional 3,440 shares during the last quarter. Institutional investors own 74.33% of the company's stock.

Insider Buying and Selling

In other Ennis news, Director Walter D. Gruenes purchased 5,500 shares of the stock in a transaction on Monday, July 28th. The stock was acquired at an average price of $17.99 per share, with a total value of $98,945.00. Following the transaction, the director directly owned 10,743 shares of the company's stock, valued at approximately $193,266.57. This trade represents a 104.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is owned by insiders.

Ennis Stock Down 2.1%

Shares of NYSE EBF traded down $0.38 during midday trading on Friday, reaching $17.99. The company had a trading volume of 73,824 shares, compared to its average volume of 167,091. The firm's fifty day moving average price is $18.18 and its 200-day moving average price is $18.92. The stock has a market cap of $464.14 million, a PE ratio of 11.84 and a beta of 0.47. 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 released its quarterly earnings results 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. The business had revenue of $97.20 million during the quarter, compared to analyst estimates of $99.30 million. Ennis had a return on equity of 12.49% and a net margin of 10.12%.

Ennis Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 11th. Shareholders 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 dividend on an annualized basis and a yield of 5.6%. 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.