Connor Clark & Lunn Investment Management Ltd. Sells 19,680 Shares of Ennis, Inc. (NYSE:EBF)

Connor Clark & Lunn Investment Management Ltd. decreased its position in Ennis, Inc. (NYSE:EBF) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,917 shares of the industrial products company’s stock after selling 19,680 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Ennis were worth $2,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of EBF. FMR LLC boosted its position in Ennis by 34.6% during the third quarter. FMR LLC now owns 3,324 shares of the industrial products company’s stock valued at $81,000 after buying an additional 855 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Ennis by 8,888.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,045 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 4,000 shares during the period. SG Americas Securities LLC grew its position in Ennis by 46.0% during the 4th quarter. SG Americas Securities LLC now owns 6,194 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 1,951 shares during the last quarter. GPS Wealth Strategies Group LLC increased its stake in Ennis by 10.3% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 7,099 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 663 shares during the period. Finally, EMC Capital Management boosted its stake in shares of Ennis by 355.3% during the fourth quarter. EMC Capital Management now owns 9,848 shares of the industrial products company’s stock valued at $208,000 after purchasing an additional 7,685 shares during the period. Hedge funds and other institutional investors own 74.33% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Ennis from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 21st.

Ennis Trading Down 0.2 %

EBF stock opened at $21.17 on Wednesday. The stock has a market capitalization of $550.64 million, a price-to-earnings ratio of 13.31 and a beta of 0.40. The firm’s 50-day moving average price is $20.85 and its two-hundred day moving average price is $21.55. Ennis, Inc. has a 12-month low of $18.88 and a 12-month high of $25.75.

Ennis (NYSE:EBF) last announced its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share (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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 9th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, January 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.72%. Ennis’s dividend payout ratio is presently 62.89%.

Ennis 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.