Ennis, Inc. $EBF Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Ennis, Inc. by 1.6% in the first quarter, acquiring an additional 29,044 shares, bringing its total ownership to 1,836,537 shares, valued at approximately $36.9 million.
• Institutional ownership of Ennis stands at 74.33%, with other firms like PNC Financial Services and GAMMA Investing showing significant increases in their holdings during the same period.
• Ennis reported earnings of $0.38 per share for the latest quarter, exceeding analysts' expectations of $0.37, despite revenue falling short of forecasts.

Vanguard Group Inc. increased its position in Ennis, Inc. (NYSE:EBF - Free Report) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,836,537 shares of the industrial products company's stock after purchasing an additional 29,044 shares during the quarter. Vanguard Group Inc. owned 7.06% of Ennis worth $36,896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in EBF. PNC Financial Services Group Inc. raised its holdings in Ennis by 55.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,098 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 1,100 shares in the last quarter. CWM LLC raised its holdings in Ennis by 20.5% in the first quarter. CWM LLC now owns 4,526 shares of the industrial products company's stock valued at $91,000 after acquiring an additional 770 shares in the last quarter. GAMMA Investing LLC raised its holdings in Ennis by 2,050.0% in the first quarter. GAMMA Investing LLC now owns 4,902 shares of the industrial products company's stock valued at $98,000 after acquiring an additional 4,674 shares in the last quarter. US Bancorp DE raised its holdings in Ennis by 172.4% in the first quarter. US Bancorp DE now owns 5,435 shares of the industrial products company's stock valued at $109,000 after acquiring an additional 3,440 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Ennis by 30.5% in the first quarter. Parallel Advisors LLC now owns 5,935 shares of the industrial products company's stock valued at $119,000 after acquiring an additional 1,386 shares in the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ennis

In other Ennis news, Director Walter D. Gruenes bought 5,500 shares of the company's stock in a transaction on Monday, July 28th. The shares were bought 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 of the company's stock, valued at approximately $193,266.57. This trade represents a 104.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.70% of the company's stock.

Ennis Stock Down 0.9%

Shares of NYSE:EBF traded down $0.17 on Friday, reaching $18.24. 135,051 shares of the company's stock were exchanged, compared to its average volume of 141,904. The firm has a market capitalization of $470.59 million, a price-to-earnings ratio of 12.00 and a beta of 0.48. Ennis, Inc. has a fifty-two week low of $17.15 and a fifty-two week high of $25.75. The business's 50-day moving average is $18.23 and its two-hundred day moving average is $19.05.

Ennis (NYSE:EBF - Get Free Report) last issued its 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 company had revenue of $97.20 million for 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 11th. Shareholders of record on Friday, July 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Friday, July 11th. Ennis's dividend payout ratio is 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.