American Century Companies Inc. Purchases 82,400 Shares of Ennis, Inc. $EBF

American Century Companies Inc. boosted its position in Ennis, Inc. (NYSE:EBF) by 11.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 799,448 shares of the industrial products company’s stock after purchasing an additional 82,400 shares during the period. American Century Companies Inc.’s holdings in Ennis were worth $14,502,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC purchased a new stake in shares of Ennis during the first quarter worth $497,000. Charles Schwab Investment Management Inc. raised its stake in shares of 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 valued at $19,991,000 after purchasing an additional 725,379 shares during the period. Vanguard Group Inc. lifted its holdings in 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 in the last quarter. Allianz Asset Management GmbH lifted its holdings in Ennis by 504.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 198,211 shares of the industrial products company’s stock worth $3,596,000 after purchasing an additional 165,437 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Ennis by 136.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,138 shares of the industrial products company’s stock worth $910,000 after purchasing an additional 28,947 shares during the period. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ennis in a research report on Thursday, October 30th. Wall Street Zen upgraded shares of Ennis from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Insider Activity

In other news, COO Boyne Wade Brewer acquired 2,000 shares of Ennis stock in a transaction dated Monday, November 3rd. The shares were purchased at an average cost of $17.05 per share, for a total transaction of $34,100.00. Following the transaction, the chief operating officer owned 23,684 shares of the company’s stock, valued at $403,812.20. This trade represents a 9.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.70% of the company’s stock.

Ennis Price Performance

EBF stock opened at $17.91 on Thursday. The firm has a 50 day simple moving average of $17.25 and a two-hundred day simple moving average of $17.97. The stock has a market cap of $459.03 million, a PE ratio of 10.99 and a beta of 0.38. Ennis, Inc. has a one year low of $16.30 and a one year high of $22.00.

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

Ennis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.00 annualized dividend and a yield of 5.6%. Ennis’s payout ratio is 61.35%.

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.