Ennis (NYSE:EBF) Stock Price Down 3.5% – Here’s What Happened

Ennis, Inc. (NYSE:EBF) shares traded down 3.5% during trading on Monday . The stock traded as low as $19.69 and last traded at $19.52. 142,975 shares were traded during mid-day trading, an increase of 7% from the average session volume of 133,390 shares. The stock had previously closed at $20.23.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Ennis from a “buy” rating to a “strong-buy” rating in a report on Friday, February 21st.

Ennis Trading Up 1.0 %

The stock has a market cap of $509.59 million, a price-to-earnings ratio of 12.32 and a beta of 0.40. The stock has a fifty day simple moving average of $20.83 and a 200-day simple moving average of $21.45.

Ennis (NYSE:EBF) last announced its earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

Ennis Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 14th will be given a $0.25 dividend. The ex-dividend date is Monday, April 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.10%. Ennis’s dividend payout ratio is currently 62.89%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EBF. JPMorgan Chase & Co. grew its holdings in shares of 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 during the last quarter. American Century Companies Inc. increased its holdings in shares of Ennis by 27.5% during the fourth quarter. American Century Companies Inc. now owns 617,207 shares of the industrial products company’s stock worth $13,017,000 after buying an additional 133,036 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Ennis in the 4th quarter worth approximately $2,269,000. Teacher Retirement System of Texas grew its position in Ennis by 49.0% during the 4th quarter. Teacher Retirement System of Texas now owns 188,310 shares of the industrial products company’s stock worth $3,971,000 after acquiring an additional 61,919 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Ennis during the 4th quarter valued at $1,175,000. Institutional investors and hedge funds own 74.33% of the company’s stock.

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.