Parallel Advisors LLC Sells 2,081 Shares of Ennis, Inc. $EBF

Parallel Advisors LLC cut its stake in shares of Ennis, Inc. (NYSE:EBF) by 35.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,854 shares of the industrial products company’s stock after selling 2,081 shares during the period. Parallel Advisors LLC’s holdings in Ennis were worth $70,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zions Bancorporation National Association UT bought a new position in shares of Ennis in the first quarter worth approximately $48,000. PNC Financial Services Group Inc. increased its position 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 worth $62,000 after purchasing an additional 1,100 shares during the last quarter. CWM LLC increased its position in shares of Ennis by 20.5% in the first quarter. CWM LLC now owns 4,526 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 770 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Ennis by 2,050.0% in the first 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 during the last quarter. Finally, US Bancorp DE increased its position in shares of Ennis by 172.4% in the first 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 during the last quarter. 74.33% of the stock is currently owned by institutional investors.

Ennis Trading Down 0.8%

EBF stock opened at $18.18 on Friday. The company’s 50 day moving average is $18.16 and its 200 day moving average is $18.70. The stock has a market cap of $468.92 million, a price-to-earnings ratio of 11.15 and a beta of 0.47. Ennis, Inc. has a 1-year low of $17.15 and a 1-year high of $24.76.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, September 22nd. The industrial products company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.13. The company had revenue of $98.68 million for the quarter, compared to analysts’ expectations of $99.00 million. Ennis had a net margin of 10.86% and a return on equity of 14.05%.

Ennis Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 10th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 5.5%. Ennis’s dividend payout ratio is currently 61.35%.

Insider Transactions at Ennis

In other news, Director Walter D. Gruenes bought 5,500 shares of the business’s stock in a transaction on Monday, July 28th. The stock was acquired at an average price of $17.99 per share, with a total value of $98,945.00. Following the completion of the purchase, 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 filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by corporate 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.