Robeco Institutional Asset Management B.V. Buys 253,569 Shares of Ennis, Inc. (NYSE:EBF)

Robeco Institutional Asset Management B.V. increased its holdings in Ennis, Inc. (NYSE:EBF - Free Report) by 968.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 279,764 shares of the industrial products company's stock after buying an additional 253,569 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 1.08% of Ennis worth $5,620,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. SummerHaven Investment Management LLC lifted its holdings in Ennis by 2.0% in the first quarter. SummerHaven Investment Management LLC now owns 35,627 shares of the industrial products company's stock valued at $716,000 after acquiring an additional 693 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Ennis by 5.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 61,230 shares of the industrial products company's stock worth $1,230,000 after purchasing an additional 2,934 shares during the period. Rhumbline Advisers boosted its holdings in shares of Ennis by 24.3% in the first quarter. Rhumbline Advisers now owns 86,639 shares of the industrial products company's stock worth $1,741,000 after buying an additional 16,943 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Ennis by 30.5% in 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. Finally, GAMMA Investing LLC grew its position in Ennis by 2,050.0% during the first quarter. GAMMA Investing LLC now owns 4,902 shares of the industrial products company's stock valued at $98,000 after buying an additional 4,674 shares during the period. 74.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ennis

In other news, Director Michael J. Schaefer sold 9,612 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $17.94, for a total transaction of $172,439.28. Following the sale, the director directly owned 49,987 shares in the company, valued at $896,766.78. This trade represents a 16.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 19,873 shares of company stock valued at $357,330 in the last three months. Corporate insiders own 3.70% of the company's stock.

Ennis Trading Up 0.1%

Ennis stock traded up $0.02 during trading on Friday, reaching $18.59. The company had a trading volume of 63,300 shares, compared to its average volume of 160,340. The firm has a market capitalization of $479.60 million, a price-to-earnings ratio of 12.23 and a beta of 0.46. The firm's 50-day simple moving average is $18.65 and its 200 day simple moving average is $19.81. Ennis, Inc. has a 52 week low of $17.15 and a 52 week high of $25.75.

Ennis (NYSE:EBF - Get Free Report) last posted its quarterly earnings data on Monday, June 23rd. The industrial products company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.01. The firm had revenue of $97.20 million for 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 Announces Dividend

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

Wall Street Analyst Weigh In

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

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.