Diversified Trust Co Has $347,000 Position in Ennis, Inc. (NYSE:EBF)

Diversified Trust Co lifted its holdings in shares of Ennis, Inc. (NYSE:EBF) by 77.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,276 shares of the industrial products company’s stock after purchasing an additional 7,548 shares during the quarter. Diversified Trust Co owned 0.07% of Ennis worth $347,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EBF. Robeco Institutional Asset Management B.V. raised its position in shares of Ennis by 968.0% during the first quarter. Robeco Institutional Asset Management B.V. now owns 279,764 shares of the industrial products company’s stock worth $5,620,000 after purchasing an additional 253,569 shares during the period. American Century Companies Inc. raised its position in Ennis by 27.5% in the 4th quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company’s stock valued at $13,017,000 after buying an additional 133,036 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Ennis in the 4th quarter valued at approximately $2,269,000. Teacher Retirement System of Texas raised its position in Ennis by 49.0% in the 4th quarter. Teacher Retirement System of Texas now owns 188,310 shares of the industrial products company’s stock valued at $3,971,000 after buying an additional 61,919 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Ennis in the 4th quarter valued at approximately $1,175,000. Institutional investors and hedge funds own 74.33% of the company’s stock.

Ennis Stock Performance

Shares of Ennis stock opened at $18.45 on Wednesday. The business’s 50 day simple moving average is $18.62 and its 200 day simple moving average is $19.84. Ennis, Inc. has a 52-week low of $17.15 and a 52-week high of $25.75. The firm has a market cap of $480.57 million, a PE ratio of 12.14 and a beta of 0.46.

Ennis (NYSE:EBF) last announced its earnings results on Monday, June 23rd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Ennis had a return on equity of 12.32% and a net margin of 10.12%. The business had revenue of $97.20 million for the quarter, compared to analyst estimates of $99.30 million.

Ennis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 11th. Shareholders of record on Friday, July 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 5.42%. Ennis’s dividend payout ratio is 65.79%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Ennis from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 22nd.

Insiders Place Their Bets

In other Ennis news, Director Michael J. Schaefer sold 9,612 shares of the firm’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $17.94, for a total value of $172,439.28. Following the completion of the transaction, the director directly owned 49,987 shares in the company, valued at $896,766.78. This trade represents a 16.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 19,873 shares of company stock valued at $357,330 in the last ninety days. 3.70% of the stock is owned by company insiders.

Ennis 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.