Insider Selling: Ennis, Inc. (NYSE:EBF) Director Sells 7,000 Shares of Stock

Ennis, Inc. (NYSE:EBF – Get Rating) Director Alejandro Quiroz sold 7,000 shares of the business’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $19.99, for a total value of $139,930.00. Following the completion of the transaction, the director now owns 25,003 shares of the company’s stock, valued at $499,809.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of EBF stock traded down $0.16 on Friday, reaching $20.07. 1,073 shares of the stock were exchanged, compared to its average volume of 102,820. The stock has a market cap of $518.19 million, a P/E ratio of 15.50 and a beta of 0.51. The firm has a 50 day moving average of $17.89 and a two-hundred day moving average of $18.51. Ennis, Inc. has a 1-year low of $16.55 and a 1-year high of $21.62.

Ennis (NYSE:EBF – Get Rating) last released its quarterly earnings data on Monday, April 25th. The industrial products company reported $0.27 EPS for the quarter. The business had revenue of $99.67 million during the quarter. Ennis had a return on equity of 11.02% and a net margin of 8.11%.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 8th. Stockholders of record on Friday, July 8th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, July 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.98%. Ennis’s payout ratio is 77.52%.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Ennis by 0.9% during the 1st quarter. BlackRock Inc. now owns 2,131,299 shares of the industrial products company’s stock worth $39,366,000 after purchasing an additional 18,520 shares during the period. Dimensional Fund Advisors LP boosted its position in Ennis by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,005,740 shares of the industrial products company’s stock worth $37,046,000 after purchasing an additional 18,245 shares during the period. Renaissance Technologies LLC boosted its position in Ennis by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 1,889,253 shares of the industrial products company’s stock worth $34,895,000 after purchasing an additional 21,404 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Ennis during the 4th quarter worth $33,183,000. Finally, Royce & Associates LP boosted its position in Ennis by 6.5% during the 1st quarter. Royce & Associates LP now owns 1,379,208 shares of the industrial products company’s stock worth $25,474,000 after purchasing an additional 84,547 shares during the period. 72.43% of the stock is owned by hedge funds and other institutional investors.

Separately, StockNews.com upgraded Ennis from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

About Ennis (Get Rating)

Ennis, Inc designs, 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, Specialized Printed Forms, 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, Falcon Business Forms, 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, Ace Forms, and AmeriPrint brands.

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