Ennis (NYSE:EBF) Sees Unusually-High Trading Volume

Ennis, Inc. (NYSE:EBFGet Rating) shares saw unusually-high trading volume on Thursday . Approximately 16,876 shares changed hands during trading, a decline of 84% from the previous session’s volume of 102,456 shares.The stock last traded at $21.70 and had previously closed at $21.73.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Ennis from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 28th.

Ennis Trading Down 0.0 %

The company’s 50-day moving average price is $19.06 and its two-hundred day moving average price is $18.66. The company has a market cap of $561.07 million, a P/E ratio of 16.85 and a beta of 0.41.

Ennis (NYSE:EBFGet Rating) last posted its quarterly earnings results on Monday, April 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter. Ennis had a net margin of 8.11% and a return on equity of 10.98%. The business had revenue of $99.67 million during the quarter.

Ennis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 8th. Shareholders of record on Friday, July 8th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, July 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.60%. Ennis’s payout ratio is presently 77.52%.

Insider Activity at Ennis

In other news, Director Alejandro Quiroz sold 7,000 shares of the business’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $19.99, for a total transaction of $139,930.00. Following the completion of the transaction, the director now directly owns 25,003 shares in the company, valued at approximately $499,809.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EBF. Bailard Inc. bought a new stake in shares of Ennis during the 2nd quarter worth $216,000. Allspring Global Investments Holdings LLC grew its stake in Ennis by 0.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,716,665 shares of the industrial products company’s stock worth $34,728,000 after purchasing an additional 13,554 shares during the period. Geneos Wealth Management Inc. grew its stake in Ennis by 68.8% in the second quarter. Geneos Wealth Management Inc. now owns 2,541 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 1,036 shares during the period. Commonwealth Equity Services LLC grew its stake in Ennis by 10.1% in the second quarter. Commonwealth Equity Services LLC now owns 28,683 shares of the industrial products company’s stock valued at $580,000 after acquiring an additional 2,623 shares during the period. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of Ennis by 14.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 4,031 shares of the industrial products company’s stock valued at $82,000 after buying an additional 506 shares during the last quarter. 72.43% of the stock is owned by institutional investors and hedge funds.

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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