Ennis, Inc. (NYSE:EBF) Director Sells $35,720.00 in Stock

Ennis, Inc. (NYSE:EBF) Director Michael J. Schaefer sold 2,000 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $17.86, for a total value of $35,720.00. Following the sale, the director now directly owns 30,747 shares in the company, valued at approximately $549,141.42. The trade was a 6.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ennis Stock Up 3.7 %

Shares of EBF opened at $19.15 on Friday. The company has a 50 day moving average of $19.54 and a two-hundred day moving average of $20.46. Ennis, Inc. has a twelve month low of $17.15 and a twelve month high of $25.75. The company has a market cap of $498.15 million, a price-to-earnings ratio of 12.04 and a beta of 0.46.

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

Ennis Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 14th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $1.00 dividend on an annualized basis and a yield of 5.22%. Ennis’s dividend payout ratio is currently 64.52%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Ennis

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP acquired a new position in shares of Ennis in the 4th quarter valued at about $65,000. Nisa Investment Advisors LLC grew its stake in shares of Ennis by 8,888.9% during the 4th 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 holdings in shares of Ennis by 20.5% during the 1st 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 stake in shares of Ennis by 2,050.0% in the 1st 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 period. Finally, US Bancorp DE boosted its holdings in Ennis by 172.4% during the first quarter. US Bancorp DE now owns 5,435 shares of the industrial products company’s stock worth $109,000 after buying an additional 3,440 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

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.