Ennis, Inc. $EBF Shares Purchased by Polaris Capital Management LLC

Polaris Capital Management LLC raised its holdings in shares of Ennis, Inc. (NYSE:EBF) by 12.1% in the second quarter, Holdings Channel.com reports. The firm owned 97,300 shares of the industrial products company’s stock after buying an additional 10,500 shares during the period. Polaris Capital Management LLC’s holdings in Ennis were worth $1,765,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Kozak & Associates Inc. acquired a new stake in Ennis during the 2nd quarter valued at approximately $37,000. Zions Bancorporation National Association UT acquired a new stake in Ennis during the 1st quarter valued at approximately $48,000. PNC Financial Services Group Inc. grew its stake in Ennis by 55.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,098 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 1,100 shares in the last quarter. CWM LLC grew its stake in Ennis by 20.5% during the 1st quarter. CWM LLC now owns 4,526 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 770 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Ennis by 2,050.0% during the 1st quarter. GAMMA Investing LLC now owns 4,902 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 4,674 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Ennis in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Insider Activity

In related news, Director Walter D. Gruenes purchased 5,500 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The shares were acquired at an average price of $17.99 per share, with a total value of $98,945.00. Following the acquisition, the director owned 10,743 shares in the company, valued at approximately $193,266.57. This trade represents a 104.90% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

Ennis Stock Up 0.2%

NYSE:EBF opened at $18.13 on Friday. The business’s 50 day moving average is $18.19 and its two-hundred day moving average is $18.58. Ennis, Inc. has a 52 week low of $17.15 and a 52 week high of $24.76. The company has a market cap of $467.53 million, a PE ratio of 11.12 and a beta of 0.45.

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

Ennis Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 10th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 5.5%. Ennis’s dividend payout ratio (DPR) is 61.35%.

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.