Ennis (NYSE:EBF) Downgraded by StockNews.com

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

Ennis Stock Up 0.4 %

NYSE:EBF opened at $20.35 on Friday. Ennis has a 52 week low of $18.88 and a 52 week high of $23.17. The firm has a market capitalization of $526.66 million, a P/E ratio of 12.41 and a beta of 0.45. The company has a fifty day moving average of $19.96 and a 200 day moving average of $20.74.

Ennis (NYSE:EBF) last issued its quarterly earnings data on Monday, April 22nd. The industrial products company reported $0.39 EPS for the quarter. Ennis had a net margin of 10.14% and a return on equity of 12.43%. The business had revenue of $97.43 million during the quarter.

Ennis Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 6th. Shareholders of record on Monday, April 15th were issued a $0.25 dividend. The ex-dividend date was Friday, April 12th. This represents a $1.00 annualized dividend and a yield of 4.91%. Ennis’s dividend payout ratio (DPR) is presently 60.98%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Ennis by 101.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,343 shares of the industrial products company’s stock worth $139,000 after buying an additional 3,199 shares during the period. EMC Capital Management grew its position in shares of Ennis by 123.9% in the 3rd quarter. EMC Capital Management now owns 8,877 shares of the industrial products company’s stock worth $188,000 after buying an additional 4,912 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Ennis in the 3rd quarter worth about $204,000. Jump Financial LLC purchased a new stake in shares of Ennis in the 4th quarter worth about $214,000. Finally, Lazard Asset Management LLC grew its position in shares of Ennis by 14.3% in the 3rd quarter. Lazard Asset Management LLC now owns 15,635 shares of the industrial products company’s stock worth $331,000 after buying an additional 1,959 shares during the period. 74.33% of the stock is currently owned by institutional investors.

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.