Mirae Asset Global Investments Co. Ltd. Takes $427,000 Position in Ennis, Inc. (NYSE:EBF)

Mirae Asset Global Investments Co. Ltd. bought a new stake in Ennis, Inc. (NYSE:EBF - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,191 shares of the industrial products company's stock, valued at approximately $427,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of Ennis as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in Ennis in the fourth quarter valued at about $65,000. GAMMA Investing LLC boosted its holdings in Ennis by 2,050.0% in the first 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. Parallel Advisors LLC boosted its holdings in Ennis by 30.5% during the first quarter. Parallel Advisors LLC now owns 5,935 shares of the industrial products company's stock worth $119,000 after buying an additional 1,386 shares during the last quarter. Bridgeway Capital Management LLC acquired a new position in shares of Ennis during the 4th quarter worth about $209,000. Finally, LPL Financial LLC increased its stake in shares of Ennis by 5.3% in the 4th quarter. LPL Financial LLC now owns 11,953 shares of the industrial products company's stock valued at $252,000 after acquiring an additional 604 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ennis

In other news, Director Michael J. Schaefer sold 9,612 shares of Ennis stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $17.94, for a total transaction of $172,439.28. Following the transaction, the director owned 49,987 shares in the company, valued at $896,766.78. The trade was a 16.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 19,873 shares of company stock worth $357,330. Insiders own 3.70% of the company's stock.

Ennis Trading Up 0.4%

Shares of EBF stock traded up $0.08 on Wednesday, reaching $18.48. The company had a trading volume of 134,487 shares, compared to its average volume of 160,984. The stock has a market cap of $476.69 million, a PE ratio of 12.16 and a beta of 0.46. The company has a 50-day moving average of $18.69 and a 200-day moving average of $19.74. Ennis, Inc. has a 12 month low of $17.15 and a 12 month high of $25.75.

Ennis (NYSE:EBF - Get Free Report) last announced 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 company had revenue of $97.20 million during the quarter, compared to analysts' expectations of $99.30 million. Ennis had a return on equity of 12.49% and a net margin of 10.12%.

Ennis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Friday, July 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.41%. The ex-dividend date is Friday, July 11th. Ennis's dividend payout ratio (DPR) is presently 65.79%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Ennis from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 22nd.

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.