Ennis, Inc. (NYSE:EBF) Short Interest Update

Ennis, Inc. (NYSE:EBF) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 584,600 shares, a decline of 6.0% from the November 15th total of 621,600 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average trading volume of 185,100 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Trading of Ennis

Several institutional investors have recently added to or reduced their stakes in EBF. Geode Capital Management LLC raised its holdings in Ennis by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 706,924 shares of the industrial products company’s stock valued at $17,195,000 after acquiring an additional 36,187 shares in the last quarter. Vestcor Inc boosted its stake in Ennis by 99.3% in the third quarter. Vestcor Inc now owns 48,260 shares of the industrial products company’s stock valued at $1,174,000 after buying an additional 24,046 shares in the last quarter. Barclays PLC boosted its stake in Ennis by 35.7% in the third quarter. Barclays PLC now owns 128,298 shares of the industrial products company’s stock valued at $3,120,000 after buying an additional 33,748 shares in the last quarter. Martingale Asset Management L P boosted its stake in Ennis by 43.7% in the third quarter. Martingale Asset Management L P now owns 56,363 shares of the industrial products company’s stock valued at $1,371,000 after buying an additional 17,137 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Ennis by 61.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 28,751 shares of the industrial products company’s stock valued at $699,000 after buying an additional 10,995 shares in the last quarter. 74.33% of the stock is currently owned by institutional investors.

Ennis Stock Down 0.7 %

Shares of NYSE EBF traded down $0.15 during midday trading on Tuesday, hitting $21.34. 55,481 shares of the company’s stock were exchanged, compared to its average volume of 126,216. Ennis has a 12 month low of $18.88 and a 12 month high of $25.75. The company’s 50 day moving average price is $21.27 and its 200 day moving average price is $22.25. The firm has a market capitalization of $554.93 million, a PE ratio of 13.62 and a beta of 0.41.

Ennis (NYSE:EBF) last issued its earnings results on Monday, September 23rd. The industrial products company reported $0.40 EPS for the quarter. The company had revenue of $99.04 million during the quarter. Ennis had a return on equity of 11.64% and a net margin of 10.15%.

Ennis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.00 annualized dividend and a yield of 4.69%. Ennis’s dividend payout ratio (DPR) is presently 63.29%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Ennis from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 11th.

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.