Universal Beteiligungs und Servicegesellschaft mbH Has $3.41 Million Position in Ennis, Inc. (NYSE:EBF)

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Ennis, Inc. (NYSE:EBF - Free Report) by 57.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,593 shares of the industrial products company's stock after purchasing an additional 62,016 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.65% of Ennis worth $3,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in EBF. Robeco Institutional Asset Management B.V. boosted its stake 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 purchasing an additional 253,569 shares in the last quarter. American Century Companies Inc. boosted its position in Ennis by 27.5% during the 4th quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company's stock worth $13,017,000 after buying an additional 133,036 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Ennis during the 4th quarter worth approximately $1,008,000. Millennium Management LLC boosted its position in Ennis by 423.0% during the 4th quarter. Millennium Management LLC now owns 48,554 shares of the industrial products company's stock worth $1,024,000 after buying an additional 39,270 shares during the period. Finally, Bank of America Corp DE boosted its position in Ennis by 21.3% during the 4th quarter. Bank of America Corp DE now owns 217,823 shares of the industrial products company's stock worth $4,594,000 after buying an additional 38,304 shares during the period. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Ennis Trading Down 0.7%

NYSE:EBF traded down $0.13 during mid-day trading on Friday, hitting $17.68. 108,176 shares of the company's stock were exchanged, compared to its average volume of 173,275. The company has a 50 day simple moving average of $18.41 and a 200-day simple moving average of $19.42. Ennis, Inc. has a fifty-two week low of $17.15 and a fifty-two week high of $25.75. The firm has a market capitalization of $456.02 million, a P/E ratio of 11.63 and a beta of 0.46.

Ennis (NYSE:EBF - Get Free Report) last posted its earnings results on Monday, June 23rd. The industrial products company reported $0.38 EPS for the quarter, topping 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 business had revenue of $97.20 million for the quarter, compared to the consensus estimate of $99.30 million.

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 issued a dividend of $0.25 per share. The ex-dividend date is Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 5.7%. Ennis's dividend payout ratio (DPR) is presently 65.79%.

Insider Transactions at Ennis

In other news, Director Walter D. Gruenes purchased 5,500 shares of the stock in a transaction on Monday, July 28th. The stock was purchased at an average price of $17.99 per share, for a total transaction of $98,945.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

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 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.