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

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Ennis, Inc. (NYSE:EBF - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 21,191 shares of the industrial products company's stock, valued at approximately $427,000. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of Ennis at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EBF. Robeco Institutional Asset Management B.V. grew its position in shares of Ennis by 968.0% in the 1st 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 buying an additional 253,569 shares during the last quarter. American Century Companies Inc. grew its position in shares of Ennis by 27.5% in the 4th quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company's stock valued at $13,017,000 after buying an additional 133,036 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Ennis in the 4th quarter valued at $2,269,000. Teacher Retirement System of Texas grew its position in shares of Ennis by 49.0% in the 4th quarter. Teacher Retirement System of Texas now owns 188,310 shares of the industrial products company's stock valued at $3,971,000 after buying an additional 61,919 shares during the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Ennis in the 4th quarter valued at $1,175,000. 74.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ennis

In other news, Director Michael J. Schaefer sold 2,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $17.86, for a total value of $35,720.00. Following the completion of the sale, the director owned 30,747 shares in the company, valued at approximately $549,141.42. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 19,873 shares of company stock valued at $357,330. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Ennis Stock Up 0.1%

NYSE:EBF traded up $0.02 during trading hours on Friday, reaching $18.59. 63,300 shares of the company's stock were exchanged, compared to its average volume of 160,625. The firm has a market capitalization of $479.50 million, a price-to-earnings ratio of 12.23 and a beta of 0.46. The company has a 50-day moving average of $18.66 and a 200 day moving average of $19.79. Ennis, Inc. has a 1-year low of $17.15 and a 1-year high of $25.75.

Ennis (NYSE:EBF - Get Free Report) last issued its quarterly 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 analysts' expectations of $99.30 million. Ennis had a net margin of 10.12% and a return on equity of 12.49%.

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Friday, July 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is Friday, July 11th. Ennis's dividend payout ratio is currently 65.79%.

Ennis 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.