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

Ennis, Inc. (NYSE:EBF) Director Michael J. Schaefer sold 5,253 shares of the firm’s stock in a transaction on Monday, April 28th. The stock was sold at an average price of $18.09, for a total value of $95,026.77. Following the completion of the sale, the director now directly owns 44,734 shares of the company’s stock, valued at $809,238.06. The trade was a 10.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ennis Price Performance

Shares of EBF opened at $18.00 on Wednesday. The company has a 50-day simple moving average of $19.94 and a two-hundred day simple moving average of $20.59. The firm has a market capitalization of $468.23 million, a PE ratio of 11.32 and a beta of 0.40. Ennis, Inc. has a one year low of $17.15 and a one year high of $25.75.

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

Ennis Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 14th will be paid 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 payout ratio is 64.52%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Ennis from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 22nd.

Institutional Investors Weigh In On Ennis

Hedge funds have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. boosted its position in shares of Ennis by 968.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 279,764 shares of the industrial products company’s stock worth $5,620,000 after purchasing an additional 253,569 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Ennis by 282.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 250,932 shares of the industrial products company’s stock worth $6,103,000 after purchasing an additional 185,373 shares in the last quarter. American Century Companies Inc. grew its position in Ennis by 27.5% during the 4th quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company’s stock valued at $13,017,000 after purchasing an additional 133,036 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ennis during the 4th quarter valued at about $2,269,000. Finally, Teacher Retirement System of Texas raised its holdings 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 buying an additional 61,919 shares during the last quarter. Institutional investors own 74.33% of the company’s stock.

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.