Michael J. Schaefer Sells 1,860 Shares of Ennis, Inc. (NYSE:EBF) Stock

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

Ennis Stock Up 1.2 %

Shares of EBF stock opened at $18.00 on Friday. The firm has a market capitalization of $468.23 million, a PE ratio of 11.32 and a beta of 0.46. The company has a 50 day moving average price of $19.75 and a 200-day moving average price of $20.53. Ennis, Inc. has a 52 week low of $17.15 and a 52 week high of $25.75.

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

Ennis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be given 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%.

Institutional Investors Weigh In On Ennis

Several hedge funds and other institutional investors have recently made changes to their positions in EBF. LPL Financial LLC grew its holdings in Ennis by 5.3% during the fourth quarter. LPL Financial LLC now owns 11,953 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 604 shares during the period. Invesco Ltd. lifted its position in shares of Ennis by 0.9% during the 4th quarter. Invesco Ltd. now owns 66,581 shares of the industrial products company’s stock valued at $1,404,000 after buying an additional 620 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of Ennis by 10.3% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company’s stock valued at $150,000 after buying an additional 663 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Ennis by 2.0% during the 1st quarter. SummerHaven Investment Management LLC now owns 35,627 shares of the industrial products company’s stock valued at $716,000 after acquiring an additional 693 shares during the period. Finally, CWM LLC increased its holdings in Ennis by 20.5% in the 1st quarter. CWM LLC now owns 4,526 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 770 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Ennis from a “strong-buy” rating to a “buy” rating in a research 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.