Boyne Wade Brewer Buys 2,000 Shares of Ennis (NYSE:EBF) Stock

Ennis, Inc. (NYSE:EBF) COO Boyne Wade Brewer acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average cost of $17.05 per share, for a total transaction of $34,100.00. Following the completion of the transaction, the chief operating officer directly owned 23,684 shares in the company, valued at $403,812.20. The trade was a 9.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ennis Stock Performance

Shares of EBF stock opened at $16.98 on Wednesday. Ennis, Inc. has a one year low of $16.30 and a one year high of $22.29. The company’s 50-day moving average is $17.75 and its 200 day moving average is $18.17. The company has a market capitalization of $435.30 million, a price-to-earnings ratio of 10.42 and a beta of 0.45.

Ennis (NYSE:EBF) last announced its quarterly earnings data on Monday, September 22nd. The industrial products company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.38 by $0.13. Ennis had a net margin of 10.86% and a return on equity of 13.99%. The company had revenue of $98.68 million for the quarter, compared to the consensus estimate of $99.00 million.

Ennis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 10th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, October 10th. Ennis’s dividend payout ratio is 61.35%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EBF. Vanguard Group Inc. raised its stake in Ennis by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 1,836,537 shares of the industrial products company’s stock worth $36,896,000 after acquiring an additional 29,044 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Ennis by 1.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,645,419 shares of the industrial products company’s stock worth $30,078,000 after acquiring an additional 19,159 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Ennis by 268.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 995,093 shares of the industrial products company’s stock worth $19,991,000 after acquiring an additional 725,379 shares during the period. American Century Companies Inc. raised its stake in Ennis by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 799,448 shares of the industrial products company’s stock worth $14,502,000 after acquiring an additional 82,400 shares during the period. Finally, Geode Capital Management LLC raised its stake in Ennis by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 798,109 shares of the industrial products company’s stock worth $14,480,000 after acquiring an additional 25,975 shares during the period. 74.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EBF has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Ennis from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Ennis in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

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.