Michael D. Magill Sells 29,749 Shares of Ennis, Inc. (NYSE:EBF) Stock

Ennis, Inc. (NYSE:EBF) EVP Michael D. Magill sold 29,749 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $20.01, for a total transaction of $595,277.49. Following the completion of the transaction, the executive vice president now directly owns 119,335 shares of the company’s stock, valued at $2,387,893.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of NYSE:EBF traded down $0.32 during midday trading on Wednesday, hitting $19.63. The stock had a trading volume of 55,138 shares, compared to its average volume of 115,632. Ennis, Inc. has a 12 month low of $17.35 and a 12 month high of $22.05. The company has a current ratio of 4.38, a quick ratio of 3.42 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average of $20.20. The firm has a market capitalization of $526.97 million, a P/E ratio of 13.54 and a beta of 0.56.

Ennis (NYSE:EBF) last released its quarterly earnings data on Monday, June 24th. The industrial products company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.03. Ennis had a net margin of 9.10% and a return on equity of 13.09%. The firm had revenue of $108.03 million during the quarter. On average, research analysts predict that Ennis, Inc. will post 1.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Friday, July 12th were given a dividend of $0.225 per share. The ex-dividend date was Thursday, July 11th. This represents a $0.90 dividend on an annualized basis and a yield of 4.58%. Ennis’s dividend payout ratio (DPR) is 62.07%.

A number of hedge funds have recently added to or reduced their stakes in EBF. Geode Capital Management LLC raised its position in shares of Ennis by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 282,456 shares of the industrial products company’s stock worth $5,437,000 after buying an additional 4,954 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Ennis by 329.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,319 shares of the industrial products company’s stock worth $141,000 after buying an additional 5,614 shares in the last quarter. Millennium Management LLC raised its position in shares of Ennis by 238.4% during the 4th quarter. Millennium Management LLC now owns 57,967 shares of the industrial products company’s stock worth $1,116,000 after buying an additional 40,836 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Ennis by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,547 shares of the industrial products company’s stock worth $42,650,000 after buying an additional 57,141 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Ennis by 23.3% during the 4th quarter. Deutsche Bank AG now owns 145,977 shares of the industrial products company’s stock worth $2,809,000 after buying an additional 27,630 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of Ennis from a “sell” rating to a “hold” rating in a research note on Monday, June 24th.

Ennis Company Profile

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, 360 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, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.

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