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 Ennis stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $18.09, for a total value of $95,026.77. Following the sale, the director now directly owns 44,734 shares in the company, valued at approximately $809,238.06. This trade represents a 10.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ennis Price Performance

Shares of EBF traded up $0.22 on Friday, reaching $18.00. 157,275 shares of the stock traded hands, compared to its average volume of 149,808. Ennis, Inc. has a 12 month low of $17.15 and a 12 month high of $25.75. The firm has a market cap of $468.23 million, a price-to-earnings ratio of 11.32 and a beta of 0.46. The stock's 50-day moving average price is $19.75 and its 200-day moving average price is $20.53.

Ennis (NYSE:EBF - Get Free Report) 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). The company had revenue of $92.70 million during the quarter, compared to the consensus estimate of $95.60 million. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $1.00 annualized dividend and a dividend yield of 5.56%. Ennis's dividend payout ratio (DPR) is currently 64.52%.

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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in Ennis during the fourth quarter worth $65,000. Nisa Investment Advisors LLC lifted its position in shares of 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 valued at $85,000 after buying an additional 4,000 shares during the last quarter. CWM LLC boosted its position in Ennis by 20.5% during the first quarter. CWM LLC now owns 4,526 shares of the industrial products company's stock worth $91,000 after purchasing an additional 770 shares during the period. GAMMA Investing LLC grew its position in shares of Ennis by 2,050.0% in 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 lifted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 74.33% of the company's stock.

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.