Clark Estates Inc. NY Purchases New Stake in Ennis, Inc. (EBF)

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Clark Estates Inc. NY purchased a new position in shares of Ennis, Inc. (NYSE:EBF) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 155,000 shares of the industrial products company’s stock, valued at approximately $3,218,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Ennis by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,215,547 shares of the industrial products company’s stock valued at $42,650,000 after buying an additional 57,141 shares during the last quarter. BlackRock Inc. lifted its stake in Ennis by 14.5% in the fourth quarter. BlackRock Inc. now owns 2,140,100 shares of the industrial products company’s stock valued at $41,197,000 after buying an additional 270,364 shares during the last quarter. Vanguard Group Inc lifted its stake in Ennis by 1.6% in the third quarter. Vanguard Group Inc now owns 1,685,966 shares of the industrial products company’s stock valued at $34,478,000 after buying an additional 27,350 shares during the last quarter. Vanguard Group Inc. lifted its stake in Ennis by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,685,966 shares of the industrial products company’s stock valued at $34,478,000 after buying an additional 27,350 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in Ennis by 60.2% in the fourth quarter. Royce & Associates LP now owns 1,355,151 shares of the industrial products company’s stock valued at $26,087,000 after buying an additional 509,279 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

EBF stock opened at $18.79 on Friday. Ennis, Inc. has a 1 year low of $17.35 and a 1 year high of $22.98. The company has a current ratio of 5.25, a quick ratio of 4.13 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $499.25 million, a price-to-earnings ratio of 12.96 and a beta of 0.45.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Ennis had a net margin of 9.34% and a return on equity of 13.26%. The company had revenue of $100.70 million for the quarter. As a group, analysts predict that Ennis, Inc. will post 1.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Monday, April 15th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date was Friday, April 12th. Ennis’s dividend payout ratio is currently 62.07%.

Separately, Zacks Investment Research cut Ennis from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd.

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Ennis Company Profile

Ennis, Inc designs, 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, Specialized Printed Forms, 360 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, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.

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Want to see what other hedge funds are holding EBF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ennis, Inc. (NYSE:EBF).

Institutional Ownership by Quarter for Ennis (NYSE:EBF)

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