Ennis, Inc. (NYSE:EBF) Director Sells $172,439.28 in Stock

Ennis, Inc. (NYSE:EBF - Get Free Report) Director Michael J. Schaefer sold 9,612 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $17.94, for a total value of $172,439.28. Following the transaction, the director now directly owns 49,987 shares of the company's stock, valued at approximately $896,766.78. This represents a 16.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ennis Stock Up 1.2 %

Shares of EBF stock traded up $0.22 during mid-day trading on Friday, reaching $18.00. The company's stock had a trading volume of 157,275 shares, compared to its average volume of 149,808. The company's 50 day simple moving average is $19.75 and its 200-day simple moving average is $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 - 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 analysts' consensus estimates of $0.37 by ($0.02). The business 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 Announces Dividend

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

Institutional Trading of Ennis

Large investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Ennis during the 4th quarter worth about $65,000. Nisa Investment Advisors LLC grew its stake 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 valued at $85,000 after acquiring an additional 4,000 shares during the period. CWM LLC raised its stake in shares of 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 grew its stake in shares of Ennis by 2,050.0% during the 1st quarter. GAMMA Investing LLC now owns 4,902 shares of the industrial products company's stock worth $98,000 after acquiring an additional 4,674 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Ennis by 30.5% during 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 during the last quarter. 74.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Ennis from a "strong-buy" rating to a "buy" rating in a research note 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.