Ennis (NYSE:EBF) Downgraded by StockNews.com

StockNews.com cut shares of Ennis (NYSE:EBF) from a strong-buy rating to a buy rating in a report published on Wednesday morning.

Ennis Price Performance

Shares of NYSE EBF opened at $22.00 on Wednesday. The stock has a market capitalization of $571.56 million, a P/E ratio of 13.75 and a beta of 0.43. Ennis has a one year low of $18.88 and a one year high of $23.17. The firm’s 50 day simple moving average is $20.53 and its two-hundred day simple moving average is $20.67.

Ennis (NYSE:EBF) last released its quarterly earnings data on Monday, June 17th. The industrial products company reported $0.41 earnings per share for the quarter. The firm had revenue of $103.11 million during the quarter. Ennis had a return on equity of 12.01% and a net margin of 10.11%.

Ennis Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 5th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Friday, July 5th. Ennis’s dividend payout ratio (DPR) is presently 62.50%.

Institutional Trading of Ennis

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC raised its holdings in Ennis by 104.6% in the first quarter. Lazard Asset Management LLC now owns 5,407 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 2,764 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Ennis by 101.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,343 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 3,199 shares in the last quarter. WINTON GROUP Ltd bought a new position in Ennis in the third quarter worth $204,000. Jump Financial LLC purchased a new stake in Ennis during the 4th quarter valued at about $214,000. Finally, EMC Capital Management increased its stake in Ennis by 10.9% during the 1st quarter. EMC Capital Management now owns 9,848 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 971 shares in the last quarter. Hedge funds and other institutional investors 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.