Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Ennis, Inc. (NYSE:EBF – Free Report) by 21.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 633,183 shares of the industrial products company’s stock after selling 168,472 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 2.45% of Ennis worth $13,354,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its holdings in Ennis by 276.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,505 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 1,105 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Ennis during the first quarter worth $32,000. CWM LLC lifted its holdings in shares of Ennis by 47.4% during the first quarter. CWM LLC now owns 1,607 shares of the industrial products company’s stock worth $34,000 after buying an additional 517 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Ennis by 177.1% during the third quarter. Tower Research Capital LLC TRC now owns 1,862 shares of the industrial products company’s stock worth $37,000 after buying an additional 1,190 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Ennis by 50.7% during the first quarter. Signaturefd LLC now owns 2,395 shares of the industrial products company’s stock worth $51,000 after buying an additional 806 shares in the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.
Ennis Stock Performance
EBF opened at $21.69 on Friday. Ennis, Inc. has a fifty-two week low of $18.94 and a fifty-two week high of $23.48. The company has a market capitalization of $560.69 million, a P/E ratio of 11.85 and a beta of 0.48. The stock has a fifty day moving average of $20.60 and a 200-day moving average of $20.70.
Ennis Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 7th. Investors of record on Friday, July 7th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is Thursday, July 6th. Ennis’s payout ratio is currently 54.65%.
Insider Buying and Selling
In related news, General Counsel Daniel Gus purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were bought at an average price of $19.19 per share, for a total transaction of $38,380.00. Following the completion of the transaction, the general counsel now owns 5,373 shares of the company’s stock, valued at $103,107.87. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Ennis from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th.
About Ennis
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.
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