Russell Investments Group Ltd. Acquires 2,104 Shares of Ennis, Inc. $EBF

Russell Investments Group Ltd. grew its holdings in Ennis, Inc. (NYSE:EBF) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,337 shares of the industrial products company’s stock after purchasing an additional 2,104 shares during the period. Russell Investments Group Ltd. owned about 0.16% of Ennis worth $851,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Zions Bancorporation National Association UT bought a new stake in shares of Ennis in the 1st quarter worth $48,000. PNC Financial Services Group Inc. increased its holdings in shares of Ennis by 55.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,098 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 1,100 shares in the last quarter. CWM LLC increased its holdings in shares of Ennis by 20.5% in the 1st quarter. CWM LLC now owns 4,526 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 770 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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. Finally, US Bancorp DE increased its holdings in shares of Ennis by 172.4% in the 1st quarter. US Bancorp DE now owns 5,435 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 3,440 shares in the last quarter. Institutional investors own 74.33% of the company’s stock.

Ennis Trading Down 0.9%

Ennis stock opened at $18.24 on Friday. Ennis, Inc. has a 12 month low of $17.15 and a 12 month high of $25.75. The firm has a market cap of $470.59 million, a price-to-earnings ratio of 12.00 and a beta of 0.48. The stock has a fifty day simple moving average of $18.23 and a two-hundred day simple moving average of $19.06.

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 company had revenue of $97.20 million during the quarter, compared to analyst estimates of $99.30 million.

Ennis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Friday, July 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 5.5%. Ennis’s payout ratio is presently 65.79%.

Insider Activity at Ennis

In other news, Director Walter D. Gruenes acquired 5,500 shares of the business’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 completion of the acquisition, the director directly owned 10,743 shares of the company’s stock, valued at approximately $193,266.57. The trade was a 104.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by insiders.

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.