Essex Investment Management Co. LLC Invests $1.60 Million in Ennis, Inc. (EBF) Stock
Essex Investment Management Co. LLC bought a new stake in Ennis, Inc. (NYSE:EBF) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 81,441 shares of the industrial products company’s stock, valued at approximately $1,600,000. Essex Investment Management Co. LLC owned approximately 0.32% of Ennis as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also bought and sold shares of EBF. Royce & Associates LP grew its holdings in shares of Ennis by 53.6% in the second quarter. Royce & Associates LP now owns 280,747 shares of the industrial products company’s stock valued at $5,362,000 after purchasing an additional 97,967 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Ennis by 30.1% in the second quarter. Goldman Sachs Group Inc. now owns 322,589 shares of the industrial products company’s stock valued at $6,162,000 after purchasing an additional 74,729 shares in the last quarter. AJO LP purchased a new position in shares of Ennis in the second quarter valued at $1,426,000. Shell Asset Management Co. purchased a new position in shares of Ennis in the third quarter valued at $924,000. Finally, Vanguard Group Inc. grew its holdings in shares of Ennis by 3.8% in the second quarter. Vanguard Group Inc. now owns 1,650,087 shares of the industrial products company’s stock valued at $31,517,000 after purchasing an additional 60,719 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.
Ennis, Inc. (EBF) opened at $19.30 on Friday. The company has a market cap of $490.55 million, a price-to-earnings ratio of 16.58 and a beta of 0.72. Ennis, Inc. has a one year low of $14.55 and a one year high of $21.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 5.89.
Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, September 25th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $94.89 million for the quarter. Ennis had a net margin of 7.73% and a return on equity of 12.13%.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 13th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, October 12th. This represents a $0.80 annualized dividend and a yield of 4.15%. Ennis’s dividend payout ratio (DPR) is presently 69.57%.
In other Ennis news, Director Kenneth G. Pritchett sold 2,916 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $18.86, for a total transaction of $54,995.76. Following the sale, the director now directly owns 60,964 shares of the company’s stock, valued at approximately $1,149,781.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.04% of the company’s stock.
Separately, BidaskClub raised shares of Ennis from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.
Ennis, Inc and its subsidiaries are engaged in the production and sale of printed business products, business forms and other business products. The Company operates through Print segment, which is engaged in printing, manufacturing and selling a range of business forms and other business products to distributors located throughout the United States primarily through independent dealers.
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