Ennis, Inc. (NYSE:EBF) Director Michael J. Schaefer Sells 5,253 Shares

Ennis, Inc. (NYSE:EBF - Get Free Report) Director Michael J. Schaefer sold 5,253 shares of the stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $18.09, for a total value of $95,026.77. Following the sale, the director now owns 44,734 shares of the company's stock, valued at approximately $809,238.06. The trade was a 10.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ennis Stock Performance

Shares of EBF stock traded up $0.22 during trading hours on Friday, hitting $18.00. 157,275 shares of the company were exchanged, compared to its average volume of 149,524. The company has a 50 day simple moving average of $19.75 and a two-hundred day simple moving average of $20.53. The firm has a market cap of $468.23 million, a P/E ratio of 11.32 and a beta of 0.40. Ennis, Inc. has a fifty-two week low of $17.15 and a fifty-two week high of $25.75.

Ennis (NYSE:EBF - Get Free Report) last issued its earnings results on Monday, April 21st. The industrial products company reported $0.35 earnings per share (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 for the quarter, compared to the consensus estimate of $95.60 million.

Ennis Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Ennis during the fourth quarter valued at approximately $65,000. Nisa Investment Advisors LLC lifted its holdings in shares of Ennis by 8,888.9% in 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 in the last quarter. CWM LLC grew its position in Ennis by 20.5% in 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 during the period. GAMMA Investing LLC increased its stake in Ennis by 2,050.0% during 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 in the last quarter. Finally, Parallel Advisors LLC raised its holdings in Ennis by 30.5% during the first quarter. Parallel Advisors LLC now owns 5,935 shares of the industrial products company's stock worth $119,000 after buying an additional 1,386 shares during the last quarter. 74.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

About Ennis

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.