Ennis (NYSE:EBF) Stock Price Down 3.5% – What’s Next?

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

Analyst Ratings Changes

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

Ennis Price Performance

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 firm has a 50 day simple moving average of $20.83 and a two-hundred day simple moving average of $21.45.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, December 23rd. The industrial products company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Ennis had a net margin of 10.35% and a return on equity of 12.16%.

Ennis Announces Dividend

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

Hedge Funds Weigh In On Ennis

A number of large investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Ennis in the fourth quarter worth $2,269,000. Mackenzie Financial Corp lifted its position in Ennis by 37.2% during the 4th quarter. Mackenzie Financial Corp now owns 16,856 shares of the industrial products company’s stock worth $355,000 after buying an additional 4,571 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Ennis by 70.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,958 shares of the industrial products company’s stock worth $1,033,000 after buying an additional 20,207 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Ennis by 423.0% in the 4th quarter. Millennium Management LLC now owns 48,554 shares of the industrial products company’s stock valued at $1,024,000 after acquiring an additional 39,270 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ennis by 5.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 629,143 shares of the industrial products company’s stock valued at $13,269,000 after acquiring an additional 31,985 shares during the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

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.