Rhumbline Advisers Purchases 16,943 Shares of Ennis, Inc. $EBF

Key Points

• Rhumbline Advisers increased its stake in Ennis, Inc. by 24.3% during Q1, now owning 86,639 shares valued at approximately $1.74 million.
• Other institutional investors also raised their holdings, with Charles Schwab Investment Management increasing its stake by 268.9% during the same period.
• Ennis reported earnings of $0.38 per share for Q2, exceeding analyst expectations, although revenue of $97.20 million fell short of the consensus estimate.

Rhumbline Advisers increased its position in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 24.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,639 shares of the industrial products company's stock after acquiring an additional 16,943 shares during the quarter. Rhumbline Advisers owned about 0.33% of Ennis worth $1,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Ennis during the 1st quarter worth approximately $427,000. Ameriprise Financial Inc. raised its holdings in shares of Ennis by 13.9% in the fourth quarter. Ameriprise Financial Inc. now owns 124,656 shares of the industrial products company's stock valued at $2,629,000 after purchasing an additional 15,252 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Ennis by 423.0% in the fourth quarter. Millennium Management LLC now owns 48,554 shares of the industrial products company's stock valued at $1,024,000 after purchasing an additional 39,270 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Ennis by 70.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,958 shares of the industrial products company's stock worth $1,033,000 after buying an additional 20,207 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Ennis during the first quarter worth $497,000. Institutional investors own 74.33% of the company's stock.

Insider Activity

In other Ennis news, Director Walter D. Gruenes bought 5,500 shares of Ennis stock in a transaction dated Monday, July 28th. The stock was bought at an average price 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 in the company, valued at $193,266.57. The trade was a 104.90% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company's stock.

Ennis Stock Performance

EBF traded down $0.21 during trading on Friday, reaching $18.09. 394,932 shares of the stock were exchanged, compared to its average volume of 108,111. Ennis, Inc. has a twelve month low of $17.15 and a twelve month high of $25.75. The stock has a market cap of $466.72 million, a P/E ratio of 11.90 and a beta of 0.47. The stock's 50 day moving average price is $18.13 and its two-hundred day moving average price is $18.78.

Ennis (NYSE:EBF - Get Free Report) last released its quarterly earnings data on Monday, June 23rd. The industrial products company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. Ennis had a net margin of 10.12% and a return on equity of 12.49%. The firm had revenue of $97.20 million for the quarter, compared to the consensus estimate of $99.30 million.

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.