MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $13.27 Million Holdings in Ennis, Inc. (NYSE:EBF)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ennis, Inc. (NYSE:EBF) by 5.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 629,143 shares of the industrial products company’s stock after acquiring an additional 31,985 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Ennis were worth $13,269,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its stake in Ennis by 31.6% in the fourth quarter. Lazard Asset Management LLC now owns 14,448 shares of the industrial products company’s stock valued at $304,000 after acquiring an additional 3,470 shares during the last quarter. Bridgeway Capital Management LLC acquired a new position in shares of Ennis during the 4th quarter worth about $209,000. Brevan Howard Capital Management LP raised its holdings in shares of Ennis by 64.8% in the 4th quarter. Brevan Howard Capital Management LP now owns 15,099 shares of the industrial products company’s stock valued at $318,000 after purchasing an additional 5,935 shares during the period. Bank of America Corp DE lifted its stake in Ennis by 21.3% in the 4th quarter. Bank of America Corp DE now owns 217,823 shares of the industrial products company’s stock valued at $4,594,000 after purchasing an additional 38,304 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Ennis by 13.9% in the 4th quarter. Ameriprise Financial Inc. now owns 124,656 shares of the industrial products company’s stock valued at $2,629,000 after purchasing an additional 15,252 shares during the last quarter. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Ennis Trading Up 0.7%

EBF stock opened at $19.54 on Friday. Ennis, Inc. has a 1-year low of $17.15 and a 1-year high of $25.75. The business’s 50 day simple moving average is $19.33 and its 200 day simple moving average is $20.42. The firm has a market capitalization of $508.29 million, a PE ratio of 12.29 and a beta of 0.46.

Ennis (NYSE:EBF) last released its quarterly earnings data on Monday, April 21st. The industrial products company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The company had revenue of $92.70 million for the quarter, compared to the consensus estimate of $95.60 million. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Ennis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend was Monday, April 14th. Ennis’s payout ratio is 64.52%.

Insider Activity at Ennis

In related news, Director Michael J. Schaefer sold 9,612 shares of Ennis stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $17.94, for a total transaction of $172,439.28. Following the completion of the sale, the director now directly owns 49,987 shares of the company’s stock, valued at approximately $896,766.78. This trade represents a 16.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 19,873 shares of company stock worth $357,330. Insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Ennis from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 22nd.

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.