Mirae Asset Global Investments Co. Ltd. Makes New Investment in Ennis, Inc. (NYSE:EBF)

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Ennis, Inc. (NYSE:EBF) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,191 shares of the industrial products company’s stock, valued at approximately $427,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of Ennis at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Ennis in the 4th quarter valued at about $65,000. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 4,674 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Ennis by 30.5% during 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. Bridgeway Capital Management LLC acquired a new position in shares of Ennis during the fourth quarter worth approximately $209,000. Finally, LPL Financial LLC lifted its holdings in shares of Ennis by 5.3% in the 4th quarter. LPL Financial LLC now owns 11,953 shares of the industrial products company’s stock worth $252,000 after purchasing an additional 604 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Insider Activity at Ennis

In other Ennis news, Director Michael J. Schaefer sold 2,000 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $17.86, for a total value of $35,720.00. Following the completion of the sale, the director directly owned 30,747 shares of the company’s stock, valued at approximately $549,141.42. This represents a 6.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 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.

Analyst Upgrades and Downgrades

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.

Ennis Stock Performance

Shares of NYSE EBF opened at $18.59 on Friday. The stock has a market cap of $479.60 million, a price-to-earnings ratio of 12.23 and a beta of 0.46. Ennis, Inc. has a fifty-two week low of $17.15 and a fifty-two week high of $25.75. The firm’s 50-day simple moving average is $18.66 and its 200 day simple moving average is $19.79.

Ennis (NYSE:EBF) last issued its quarterly earnings data 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 return on equity of 12.49% and a net margin of 10.12%. The firm had revenue of $97.20 million during the quarter, compared to the consensus estimate of $99.30 million.

Ennis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Friday, July 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 5.38%. Ennis’s payout ratio 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.