Ennis (NYSE:EBF) Shares Cross Above Fifty Day Moving Average – Here’s Why

Ennis, Inc. (NYSE:EBF) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $17.50 and traded as high as $18.35. Ennis shares last traded at $18.0710, with a volume of 232,160 shares trading hands.

Analyst Ratings Changes

EBF has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ennis in a research report on Monday, December 29th. Wall Street Zen downgraded Ennis from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Ennis Stock Up 0.4%

The company has a market cap of $463.16 million, a price-to-earnings ratio of 10.89 and a beta of 0.36. The business has a 50-day simple moving average of $17.50 and a two-hundred day simple moving average of $17.86.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, December 22nd. The industrial products company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Ennis had a return on equity of 14.13% and a net margin of 11.01%.The business had revenue of $100.17 million for the quarter, compared to analyst estimates of $100.50 million. During the same quarter in the prior year, the firm posted $0.39 EPS.

Ennis Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Thursday, January 8th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.5%. Ennis’s dividend payout ratio (DPR) is currently 60.24%.

Insider Buying and Selling at Ennis

In other news, COO Boyne Wade Brewer acquired 2,000 shares of Ennis stock in a transaction dated Monday, November 3rd. The stock was acquired at an average cost of $17.05 per share, for a total transaction of $34,100.00. Following the completion of the purchase, the chief operating officer owned 23,684 shares of the company’s stock, valued at $403,812.20. This represents a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in Ennis by 1.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,645,419 shares of the industrial products company’s stock valued at $30,078,000 after acquiring an additional 19,159 shares during the period. American Century Companies Inc. lifted its position in shares of Ennis by 0.3% during the 3rd quarter. American Century Companies Inc. now owns 801,901 shares of the industrial products company’s stock worth $14,659,000 after purchasing an additional 2,453 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Ennis by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 798,109 shares of the industrial products company’s stock worth $14,480,000 after purchasing an additional 25,975 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Ennis by 5.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 689,695 shares of the industrial products company’s stock valued at $12,511,000 after purchasing an additional 37,513 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Ennis by 34.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 363,680 shares of the industrial products company’s stock valued at $7,306,000 after buying an additional 92,266 shares during the last quarter. Institutional investors own 74.33% of the company’s stock.

About Ennis

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.