PDT Partners LLC Purchases New Position in Ennis, Inc. (EBF)
PDT Partners LLC purchased a new stake in Ennis, Inc. (NYSE:EBF) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 25,788 shares of the industrial products company’s stock, valued at approximately $493,000. PDT Partners LLC owned 0.10% of Ennis as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in EBF. Royce & Associates LP grew its stake in Ennis by 53.6% in the 2nd quarter. Royce & Associates LP now owns 280,747 shares of the industrial products company’s stock valued at $5,362,000 after acquiring an additional 97,967 shares during the period. AJO LP acquired a new stake in Ennis in the 2nd quarter valued at $1,426,000. Vanguard Group Inc. grew its stake in Ennis by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,650,087 shares of the industrial products company’s stock valued at $31,517,000 after acquiring an additional 60,719 shares during the period. Alliancebernstein L.P. grew its stake in Ennis by 290.0% in the 2nd quarter. Alliancebernstein L.P. now owns 76,666 shares of the industrial products company’s stock valued at $1,464,000 after acquiring an additional 57,010 shares during the period. Finally, Northern Trust Corp grew its stake in Ennis by 5.0% in the 2nd quarter. Northern Trust Corp now owns 1,049,384 shares of the industrial products company’s stock valued at $20,043,000 after acquiring an additional 50,147 shares during the period. 83.15% of the stock is currently owned by hedge funds and other institutional investors.
In other Ennis news, Director Kenneth G. Pritchett sold 2,916 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $18.86, for a total value of $54,995.76. Following the completion of the transaction, the director now owns 60,964 shares in the company, valued at $1,149,781.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.04% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “PDT Partners LLC Purchases New Position in Ennis, Inc. (EBF)” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.thecerbatgem.com/2017/10/08/pdt-partners-llc-purchases-new-position-in-ennis-inc-ebf.html.
Separately, BidaskClub raised shares of Ennis from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd.
Shares of Ennis, Inc. (NYSE:EBF) opened at 20.30 on Friday. The firm has a market cap of $515.97 million, a PE ratio of 19.69 and a beta of 0.75. The company has a 50-day moving average of $19.24 and a 200-day moving average of $17.91. Ennis, Inc. has a 1-year low of $14.40 and a 1-year high of $20.75.
Ennis (NYSE:EBF) last released its quarterly earnings data on Monday, September 25th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The firm had revenue of $94.89 million during the quarter. Ennis had a return on equity of 12.20% and a net margin of 7.73%. Analysts predict that Ennis, Inc. will post $1.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 13th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, October 12th. Ennis’s payout ratio is 72.07%.
Ennis Company Profile
Ennis, Inc and its subsidiaries are engaged in the production and sale of printed business products, business forms and other business products. The Company operates through Print segment, which is engaged in printing, manufacturing and selling a range of business forms and other business products to distributors located throughout the United States primarily through independent dealers.
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).
Receive News & Stock Ratings for Ennis Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ennis Inc. and related stocks with our FREE daily email newsletter.