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

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of Ennis, Inc. (NYSE:EBF) by 3.9% during the third quarter, HoldingsChannel reports. 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.’s holdings in Ennis were worth $3,152,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its holdings in Ennis by 5.1% during the first quarter. Russell Investments Group Ltd. now owns 43,653 shares of the industrial products company’s stock valued at $895,000 after purchasing an additional 2,113 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Ennis by 43.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,020 shares of the industrial products company’s stock worth $308,000 after buying an additional 4,537 shares during the last quarter. Lazard Asset Management LLC increased its stake in Ennis by 104.6% during the 1st quarter. Lazard Asset Management LLC now owns 5,407 shares of the industrial products company’s stock worth $110,000 after buying an additional 2,764 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Ennis by 74.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,588 shares of the industrial products company’s stock valued at $1,346,000 after acquiring an additional 27,921 shares during the last quarter. Finally, EMC Capital Management lifted its position in shares of Ennis by 10.9% in the first quarter. EMC Capital Management now owns 9,848 shares of the industrial products company’s stock valued at $202,000 after acquiring an additional 971 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Ennis Price Performance

EBF opened at $20.96 on Monday. The company’s 50 day simple moving average is $22.16 and its two-hundred day simple moving average is $22.17. The firm has a market capitalization of $544.96 million, a price-to-earnings ratio of 13.27 and a beta of 0.41. Ennis, Inc. has a 1-year low of $18.88 and a 1-year high of $25.75.

Ennis (NYSE:EBF) last announced its quarterly earnings data on Monday, September 23rd. The industrial products company reported $0.40 earnings per share (EPS) for the quarter. The firm 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend was Friday, October 11th. Ennis’s payout ratio is 63.29%.

Analysts Set New Price Targets

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

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.