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

Connor Clark & Lunn Investment Management Ltd. reduced its position in Ennis, Inc. (NYSE:EBF) by 15.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 109,917 shares of the industrial products company’s stock after selling 19,680 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.42% of Ennis worth $2,318,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Inspire Advisors LLC lifted its position in shares of Ennis by 43.8% during the fourth quarter. Inspire Advisors LLC now owns 19,924 shares of the industrial products company’s stock worth $420,000 after acquiring an additional 6,064 shares in the last quarter. Seizert Capital Partners LLC lifted its holdings in Ennis by 34.9% during the 4th quarter. Seizert Capital Partners LLC now owns 23,003 shares of the industrial products company’s stock worth $485,000 after purchasing an additional 5,950 shares in the last quarter. Denali Advisors LLC bought a new position in Ennis in the 4th quarter worth about $1,001,000. Bank of New York Mellon Corp increased its position in shares of Ennis by 6.3% during the fourth quarter. Bank of New York Mellon Corp now owns 349,421 shares of the industrial products company’s stock valued at $7,369,000 after buying an additional 20,819 shares during the period. Finally, Ieq Capital LLC purchased a new stake in shares of Ennis in the fourth quarter worth about $217,000. 74.33% of the stock is owned by hedge funds and other institutional investors.

Ennis Stock Performance

Shares of EBF stock opened at $21.17 on Wednesday. The company has a market capitalization of $550.64 million, a PE ratio of 13.31 and a beta of 0.40. Ennis, Inc. has a 52-week low of $18.88 and a 52-week high of $25.75. The business’s fifty day moving average is $20.85 and its 200 day moving average is $21.55.

Ennis (NYSE:EBF) last released its quarterly earnings results on Monday, December 23rd. The industrial products company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Ennis had a return on equity of 12.16% and a net margin of 10.35%.

Ennis Dividend Announcement

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

Analysts Set New Price Targets

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 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.