Insider Selling: Ennis, Inc. (NYSE:EBF) Director Sells $33,480.00 in Stock

Ennis, Inc. (NYSE:EBF) Director Michael J. Schaefer sold 1,860 shares of the company’s stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $18.00, for a total value of $33,480.00. Following the transaction, the director now directly owns 32,747 shares of the company’s stock, valued at $589,446. The trade was a 5.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Ennis Trading Up 1.2 %

Shares of NYSE EBF opened at $18.00 on Friday. The firm has a fifty day simple moving average of $19.75 and a two-hundred day simple moving average of $20.53. The firm has a market capitalization of $468.23 million, a PE ratio of 11.32 and a beta of 0.46. Ennis, Inc. has a 12 month low of $17.15 and a 12 month high of $25.75.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, April 21st. The industrial products company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). Ennis had a return on equity of 12.16% and a net margin of 10.35%. The company had revenue of $92.70 million during the quarter, compared to analysts’ expectations of $95.60 million.

Ennis Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $1.00 annualized dividend and a yield of 5.56%. Ennis’s payout ratio is 64.52%.

Hedge Funds Weigh In On Ennis

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Ennis in the 4th quarter worth about $65,000. Nisa Investment Advisors LLC grew its holdings in Ennis by 8,888.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 4,000 shares during the period. CWM LLC increased its stake in shares of Ennis by 20.5% during the first quarter. CWM LLC now owns 4,526 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 770 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ennis by 2,050.0% during the first quarter. GAMMA Investing LLC now owns 4,902 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 4,674 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Ennis by 30.5% in the 1st quarter. Parallel Advisors LLC now owns 5,935 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 1,386 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Ennis from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 22nd.

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.