Cwm LLC Increases Holdings in Ennis, Inc. (NYSE:EBF)

Cwm LLC lifted its holdings in Ennis, Inc. (NYSE:EBF) by 20.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,526 shares of the industrial products company’s stock after acquiring an additional 770 shares during the period. Cwm LLC’s holdings in Ennis were worth $91,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Ennis by 2,050.0% in the 1st quarter. GAMMA Investing LLC now owns 4,902 shares of the industrial products company’s stock worth $98,000 after purchasing an additional 4,674 shares in the last quarter. Parallel Advisors LLC raised its position 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 buying an additional 1,386 shares during the last quarter. Bridgeway Capital Management LLC bought a new stake in shares of Ennis during the fourth quarter valued at approximately $209,000. LPL Financial LLC lifted its holdings in shares of Ennis by 5.3% in the fourth quarter. LPL Financial LLC now owns 11,953 shares of the industrial products company’s stock worth $252,000 after buying an additional 604 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Ennis by 31.6% in the fourth quarter. Lazard Asset Management LLC now owns 14,448 shares of the industrial products company’s stock worth $304,000 after buying an additional 3,470 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Ennis Stock Down 0.2%

Shares of Ennis stock opened at $17.80 on Friday. Ennis, Inc. has a twelve month low of $17.15 and a twelve month high of $25.75. The business has a 50-day moving average price of $18.41 and a 200-day moving average price of $19.42. The firm has a market cap of $459.24 million, a price-to-earnings ratio of 11.71 and a beta of 0.46.

Ennis (NYSE:EBF) last announced its quarterly earnings results on Monday, June 23rd. The industrial products company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $97.20 million during the quarter, compared to analyst estimates 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 declared a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Friday, July 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.6%. The ex-dividend date is Friday, July 11th. Ennis’s payout ratio is currently 65.79%.

Insiders Place Their Bets

In other Ennis news, Director Walter D. Gruenes acquired 5,500 shares of the company’s stock in a transaction on Monday, July 28th. The stock was acquired at an average cost of $17.99 per share, with a total value of $98,945.00. Following the purchase, the director directly owned 10,743 shares of the company’s stock, valued at approximately $193,266.57. This represents a 104.90% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Ennis from a “strong-buy” rating to a “buy” rating in a research note 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.