Walter D. Gruenes Purchases 5,500 Shares of Ennis, Inc. (NYSE:EBF) Stock

Key Points

• Walter D. Gruenes, Director of Ennis, Inc., purchased 5,500 shares at an average price of $17.99, increasing his ownership by 104.90% to a total of 10,743 shares.
• Ennis, Inc. reported $0.38 earnings per share, exceeding the consensus estimate of $0.37, despite revenues of $97.20 million falling short of analyst projections.
• The company declared a quarterly dividend of $0.25 per share, resulting in a 5.54% dividend yield and a payout ratio of 65.79%.

Ennis, Inc. (NYSE:EBF - Get Free Report) Director Walter D. Gruenes bought 5,500 shares of the firm's stock in a transaction that occurred on 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 transaction, the director directly owned 10,743 shares in the company, valued at $193,266.57. This represents a 104.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ennis Stock Down 1.2%

EBF traded down $0.22 during trading on Friday, reaching $17.58. The stock had a trading volume of 311,624 shares, compared to its average volume of 155,507. The firm has a market capitalization of $453.56 million, a price-to-earnings ratio of 11.57 and a beta of 0.48. Ennis, Inc. has a 1-year low of $17.15 and a 1-year high of $25.75. The stock has a 50 day moving average of $18.39 and a two-hundred day moving average of $19.40.

Ennis (NYSE:EBF - Get Free Report) last posted its quarterly earnings data on Monday, June 23rd. The industrial products company reported $0.38 EPS 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 the consensus estimate of $99.30 million. Ennis had a return on equity of 12.49% and a net margin of 10.12%.

Ennis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Friday, July 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 5.7%. Ennis's dividend payout ratio (DPR) is 65.79%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Ennis

Several large investors have recently made changes to their positions in the business. Kozak & Associates Inc. acquired a new stake in Ennis during the second quarter valued at approximately $37,000. Zions Bancorporation National Association UT bought a new position in shares of Ennis in the first quarter valued at $48,000. PNC Financial Services Group Inc. increased its holdings in shares of 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 buying an additional 1,100 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Ennis during the 4th quarter valued at $65,000. Finally, CWM LLC boosted its stake in shares of Ennis by 20.5% during the 1st quarter. CWM LLC now owns 4,526 shares of the industrial products company's stock worth $91,000 after acquiring an additional 770 shares in the last quarter. Institutional investors own 74.33% of the company's stock.

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.