Polaris Capital Management LLC Grows Stock Position in Ennis, Inc. $EBF

Polaris Capital Management LLC increased its holdings in shares of Ennis, Inc. (NYSE:EBF) by 12.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,300 shares of the industrial products company’s stock after buying an additional 10,500 shares during the quarter. Polaris Capital Management LLC owned about 0.38% of Ennis worth $1,765,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Ennis by 4.1% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 60,139 shares of the industrial products company’s stock worth $1,091,000 after buying an additional 2,344 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Ennis by 136.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,138 shares of the industrial products company’s stock worth $910,000 after buying an additional 28,947 shares during the period. SummerHaven Investment Management LLC lifted its position in Ennis by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 36,428 shares of the industrial products company’s stock worth $661,000 after buying an additional 801 shares during the period. Wedge Capital Management L L P NC purchased a new position in Ennis during the second quarter worth about $1,218,000. Finally, Kozak & Associates Inc. purchased a new position in Ennis during the second quarter worth about $37,000. 74.33% of the stock is currently owned by hedge funds and other institutional investors.

Ennis Price Performance

Shares of NYSE:EBF opened at $18.13 on Friday. The firm has a market capitalization of $467.53 million, a PE ratio of 11.12 and a beta of 0.45. The business has a 50-day moving average of $18.19 and a two-hundred day moving average of $18.58. Ennis, Inc. has a 12 month low of $17.15 and a 12 month high of $24.76.

Ennis (NYSE:EBF) last announced its quarterly earnings results on Monday, September 22nd. The industrial products company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.38 by $0.13. Ennis had a return on equity of 14.05% and a net margin of 10.86%.The company had revenue of $98.68 million during the quarter, compared to analyst estimates of $99.00 million.

Ennis Dividend Announcement

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 paid a $0.25 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.5%. Ennis’s dividend payout ratio (DPR) is 61.35%.

Insider Activity

In related news, Director Walter D. Gruenes bought 5,500 shares of the stock in a transaction dated Monday, July 28th. The stock was acquired at an average price of $17.99 per share, for a total transaction of $98,945.00. Following the completion of the purchase, the director owned 10,743 shares in the company, valued at $193,266.57. This represents a 104.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Ennis in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Ennis has an average rating of “Hold”.

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.