25,900 Shares in Ennis, Inc. $EBF Bought by Strs Ohio

Key Points

• Strs Ohio invested approximately $520,000 in Ennis, Inc. by acquiring 25,900 shares, increasing their ownership to 0.10% of the company.
• Other institutional investors have also increased their stakes, with GAMMA Investing LLC raising theirs by 2,050% during the same quarter.
• Ennis reported earnings of $0.38 per share for the last quarter, exceeding analyst expectations, but their revenue fell short of estimates at $97.20 million.

Strs Ohio bought a new position in Ennis, Inc. (NYSE:EBF - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 25,900 shares of the industrial products company's stock, valued at approximately $520,000. Strs Ohio owned approximately 0.10% of Ennis at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its holdings in Ennis by 2.3% in the 1st quarter. Federated Hermes Inc. now owns 24,807 shares of the industrial products company's stock worth $498,000 after acquiring an additional 555 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in Ennis by 2.0% in the 1st quarter. SummerHaven Investment Management LLC now owns 35,627 shares of the industrial products company's stock worth $716,000 after acquiring an additional 693 shares in the last quarter. CWM LLC grew its holdings in Ennis by 20.5% during the 1st quarter. CWM LLC now owns 4,526 shares of the industrial products company's stock valued at $91,000 after buying an additional 770 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Ennis by 55.1% during 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 buying an additional 1,100 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Ennis by 30.5% during the 1st quarter. Parallel Advisors LLC now owns 5,935 shares of the industrial products company's stock valued at $119,000 after buying an additional 1,386 shares in the last quarter. 74.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ennis

In other Ennis news, Director Walter D. Gruenes bought 5,500 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was purchased at an average cost of $17.99 per share, with a total value of $98,945.00. Following the completion of the acquisition, the director owned 10,743 shares in the company, valued at $193,266.57. This trade represents a 104.90% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.70% of the company's stock.

Ennis Stock Performance

EBF traded up $0.48 during trading on Monday, reaching $18.62. 136,905 shares of the company traded hands, compared to its average volume of 119,900. Ennis, Inc. has a 12-month low of $17.15 and a 12-month high of $25.75. The firm has a fifty day simple moving average of $18.14 and a 200 day simple moving average of $18.73. The company has a market cap of $480.32 million, a P/E ratio of 12.25 and a beta of 0.47.

Ennis (NYSE:EBF - Get Free Report) last posted its earnings results on Monday, September 22nd. The industrial products company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.13. Ennis had a net margin of 10.12% and a return on equity of 12.49%. The firm had revenue of $98.68 million during the quarter, compared to analyst estimates of $99.00 million.

Ennis Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.4%. Ennis's dividend payout ratio (DPR) is 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.