Ennis (NYSE:EBF) Lowered to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of Ennis (NYSE:EBF) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday.

Ennis Stock Up 1.1 %

Ennis stock opened at $20.55 on Thursday. The business has a 50 day moving average price of $20.88 and a two-hundred day moving average price of $21.89. Ennis has a 12 month low of $18.88 and a 12 month high of $25.75. The stock has a market cap of $534.48 million, a price-to-earnings ratio of 12.92 and a beta of 0.41.

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

Ennis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.00 annualized dividend and a dividend yield of 4.87%. Ennis’s dividend payout ratio (DPR) is currently 62.89%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EBF. Quantbot Technologies LP acquired a new stake in Ennis during the fourth quarter valued at approximately $65,000. FMR LLC lifted its position in shares of Ennis by 34.6% during the 3rd quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock worth $81,000 after buying an additional 855 shares during the period. Nisa Investment Advisors LLC boosted its stake in Ennis by 8,888.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock valued at $85,000 after buying an additional 4,000 shares in the last quarter. SG Americas Securities LLC bought a new stake in Ennis in the third quarter valued at $103,000. Finally, CWM LLC raised its stake in Ennis by 30.9% during the third quarter. CWM LLC now owns 5,039 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 1,190 shares in the last quarter. 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.