Connor Clark & Lunn Investment Management Ltd. Lowers Position in Ennis, Inc. (NYSE:EBF)

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Ennis, Inc. (NYSE:EBF) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,597 shares of the industrial products company’s stock after selling 5,326 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.50% of Ennis worth $3,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Seizert Capital Partners LLC bought a new position in shares of Ennis during the third quarter valued at approximately $415,000. Inspire Advisors LLC boosted its position in Ennis by 47.0% during the third quarter. Inspire Advisors LLC now owns 13,860 shares of the industrial products company’s stock valued at $337,000 after purchasing an additional 4,432 shares in the last quarter. Creative Planning boosted its holdings in shares of Ennis by 84.9% in the 3rd quarter. Creative Planning now owns 57,093 shares of the industrial products company’s stock valued at $1,389,000 after buying an additional 26,207 shares in the last quarter. Unison Advisors LLC boosted its stake in Ennis by 1.1% in the third quarter. Unison Advisors LLC now owns 38,454 shares of the industrial products company’s stock valued at $935,000 after acquiring an additional 435 shares in the last quarter. Finally, CWM LLC increased its position in shares of 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 purchasing an additional 1,190 shares in the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Ennis from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 29th.

Ennis Stock Up 1.0 %

Shares of Ennis stock opened at $20.96 on Monday. The company has a 50 day moving average price of $22.16 and a 200 day moving average price of $22.17. The firm has a market capitalization of $544.96 million, a P/E ratio of 13.27 and a beta of 0.41. Ennis, Inc. has a 52 week low of $18.88 and a 52 week high of $25.75.

Ennis (NYSE:EBF) last posted its quarterly earnings results on Monday, September 23rd. The industrial products company reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $99.04 million during the quarter. Ennis had a net margin of 10.15% and a return on equity of 11.64%.

Ennis Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.00 annualized dividend and a yield of 4.77%. Ennis’s payout ratio is presently 63.29%.

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.