17,378 Shares in Ennis, Inc. (NYSE:EBF) Purchased by MQS Management LLC

MQS Management LLC acquired a new stake in Ennis, Inc. (NYSE:EBF - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,378 shares of the industrial products company's stock, valued at approximately $349,000. MQS Management LLC owned 0.07% of Ennis at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EBF. Intech Investment Management LLC bought a new position in Ennis in the fourth quarter worth $283,000. Teacher Retirement System of Texas lifted its position in Ennis by 49.0% in the fourth quarter. Teacher Retirement System of Texas now owns 188,310 shares of the industrial products company's stock worth $3,971,000 after purchasing an additional 61,919 shares during the period. Quantbot Technologies LP bought a new position in Ennis in the fourth quarter worth $65,000. American Century Companies Inc. lifted its position in Ennis by 27.5% in the fourth quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company's stock worth $13,017,000 after purchasing an additional 133,036 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Ennis in the fourth quarter worth $1,008,000. 74.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Ennis

In other news, Director Michael J. Schaefer sold 2,000 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $17.86, for a total value of $35,720.00. Following the completion of the sale, the director directly owned 30,747 shares in the company, valued at approximately $549,141.42. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 19,873 shares of company stock valued at $357,330 in the last three months. Company insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Ennis from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 22nd.

Ennis Stock Down 0.4%

Ennis stock traded down $0.08 during mid-day trading on Friday, hitting $17.73. 98,026 shares of the company were exchanged, compared to its average volume of 174,108. The business has a fifty day moving average of $18.67 and a 200 day moving average of $19.62. Ennis, Inc. has a 1-year low of $17.15 and a 1-year high of $25.75. The company has a market capitalization of $457.46 million, a PE ratio of 11.67 and a beta of 0.46.

Ennis (NYSE:EBF - Get Free Report) last released its quarterly earnings data on Monday, June 23rd. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. Ennis had a return on equity of 12.49% and a net margin of 10.12%. The firm had revenue of $97.20 million during the quarter, compared to analyst estimates of $99.30 million.

Ennis Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 11th. Stockholders of record on Friday, July 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.64%. Ennis's dividend payout ratio (DPR) is presently 65.79%.

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.