Insider Buying: Ennis (NYSE:EBF) COO Buys $34,100.00 in Stock

Ennis, Inc. (NYSE:EBF) COO Boyne Wade Brewer acquired 2,000 shares of the stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $17.05 per share, with a total value of $34,100.00. Following the purchase, the chief operating officer owned 23,684 shares in the company, valued at $403,812.20. This represents a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ennis Stock Up 1.3%

EBF stock opened at $17.17 on Thursday. The stock’s 50 day moving average is $17.72 and its two-hundred day moving average is $18.17. Ennis, Inc. has a 52-week low of $16.30 and a 52-week high of $22.29. The company has a market capitalization of $440.14 million, a PE ratio of 10.54 and a beta of 0.45.

Ennis (NYSE:EBF) last released its quarterly earnings results on Monday, September 22nd. The industrial products company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.13. The business had revenue of $98.68 million during the quarter, compared to the consensus estimate of $99.00 million. Ennis had a net margin of 10.86% and a return on equity of 13.99%.

Ennis Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 10th will be given 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 5.8%. Ennis’s payout ratio is presently 61.35%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ennis in a research report on Thursday, October 30th. Wall Street Zen raised Ennis from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Hedge Funds Weigh In On Ennis

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 29,044 shares during the period. Allspring Global Investments Holdings LLC boosted its position 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 valued at $30,078,000 after purchasing an additional 19,159 shares during the period. Charles Schwab Investment Management Inc. grew 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 buying an additional 725,379 shares during the last quarter. American Century Companies Inc. increased its position in Ennis by 11.5% in the second quarter. American Century Companies Inc. now owns 799,448 shares of the industrial products company’s stock worth $14,502,000 after buying an additional 82,400 shares during the period. Finally, Geode Capital Management LLC increased its position in Ennis by 3.4% in the second quarter. Geode Capital Management LLC now owns 798,109 shares of the industrial products company’s stock worth $14,480,000 after buying an additional 25,975 shares during the period. Institutional investors own 74.33% of the company’s stock.

Ennis Company Profile

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.