EBF ENNIS, INC. Insider Trading

GC Gus Daniel bought 600 shares at $16.47 avg on 10/31/25; stock at $16.99. Cluster: 2 other insiders bought within 14 days.

Gus Daniel, General Counsel & Secretary, made 2 separate open-market purchases totaling 600 shares for $9,879.90 on 2025-10-31 at a blended average price of $16.47, increasing his holdings from 15,795 to 16,395 shares (+3.8%). The current stock price is $16.99, just 32 cents above his transaction price, placing the stock -23.2% from its 52-week high of $22.12 and -6.4% over the prior 30 days. Daniel's cross-ticker track record shows 1 prior buy with a 90-day win rate of 100.00%, and his prior EBF buy on 2023-05-08 was well-timed at the 90-day mark (30d return +10.9%, 90d return +13.0%). Most notably, 2 other insiders also purchased shares within the past 14 days, forming a cluster buy pattern. The company trades at a P/E of 10.30 with annual revenue of $98.7M and net income of $13.2M, though annual revenue growth is negative at -6.1%.

COO Brewer Boyne Wade bought 2,000 shares of EBF at $17.05; 2 other insiders bought in past 14 days

Brewer Boyne Wade, Chief Operating Officer, purchased 2,000 shares at $17.05 on 2025-11-03, increasing holdings from 21,684 to 23,684 shares. The purchase occurs at a price 0.35% above the current price of $16.99 and 23.2% below the 52-week high of $22.12. Notably, this buy is part of a cluster pattern: 2 other insiders purchased shares within the past 14 days. The company shows modest fundamentals with revenue of $98.7M and net income of $13.2M, though annual revenue growth stands at -6.1%. This cluster activity—multiple insider purchases over a short window despite recent price weakness and declining year-over-year revenue—is the material detail for investors to track.

CFO Vera buys 1,000 EBF shares at $16.51; stock down -25.9% from 52-week high amid -6.1% annual revenue decline

CFO Vera purchased 1,000 shares at $16.51 on 2025-10-31, expanding holdings from 26,806 to 27,806 shares. The transaction occurs as EBF trades at $16.40, down -25.9% from its 52-week high of $22.12 and down -10.3% over the prior 30 days. Fundamentally, the company reported $98.7M in quarterly revenue with net income of $13.2M, but faces annual revenue contraction of -6.1%, reflected in a compressed P/E of 9.94. Vera's cross-ticker buying history shows modest performance: 2 prior open-market buys averaged -1.8% over 30 days and -2.5% over 90 days (50% win rate). At EBF specifically, Vera's prior two purchases in May 2025 and February 2024 yielded mixed results (30d: -2.8% and -0.7%; 90d: -5.8% and +0.9% respectively), with only one of two proving profitable at the 90-day horizon. The current purchase arrives after consecutive quarterly declines, but the insider's historical accuracy at this ticker does not clearly support confidence in a turnaround.

Director Gruenes buys 5,500 shares of EBF at $17.99; doubles holdings to 10,743 shares amid -28.6% decline from 52-week high.

Gruenes Walter D, a director, purchased 5,500 shares (5.5K shares) at $17.99 on 2025-07-28, totaling $98,945.00 ($98.9K), which increased his holdings by 104.9% from 5,243 to 10,743 shares. The purchase occurred when the stock was trading at a significant discount: the current price of $18.04 remains -28.6% below the 52-week high of $25.25, and the stock has declined 1.5% over the past 30 days. The company's fundamentals show modest profitability with net income of $9,799,000.00 ($9.8M) and a P/E ratio of 11.87, though revenue has contracted 6.1% year-over-year. The director's doubling of his position during a period of material price weakness and negative annual growth represents a substantial capital commitment that warrants investor attention to understand the underlying rationale.

CFO Vera buys 498 EBF shares at $19.09; holdings up 69.6% to 1,214 shares post-transaction.

Vera (CFO and Treasurer) purchased 498 shares at $19.09 on 2025-05-09, expanding her position by 69.6% from 716 to 1,214 shares. The purchase occurred at a price 23.6% below the 52-week high of $25.25, and EBF trades at a P/E of 12.13 with trailing quarterly revenue of $99.8M and net income of $10.2M. Vera's prior buy at EBF on 2024-02-14 delivered a 90-day return of +0.9%, and her cross-ticker track record shows a 100.00% win rate over 90 days with an average 90-day return of +0.9%. This is a material increase in equity stake for a senior finance executive at a profitable, low-multiple business, though the company's annual revenue growth of -2.7% reflects declining top-line trajectory.