Connor Clark & Lunn Investment Management Ltd. Buys New Position in Ennis, Inc. $EBF

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ennis, Inc. (NYSE:EBF) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 66,476 shares of the industrial products company’s stock, valued at approximately $1,413,000.

Other hedge funds also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC purchased a new position in Ennis in the 1st quarter valued at approximately $27,000. Compass Financial Management LLC purchased a new stake in shares of Ennis during the second quarter worth $27,000. EverSource Wealth Advisors LLC increased its position in shares of Ennis by 1,037.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,524 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 1,390 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Ennis by 56.8% in the second quarter. BNP Paribas Financial Markets now owns 2,456 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 890 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Ennis in the fourth quarter valued at $51,000. 74.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on EBF shares. Weiss Ratings raised Ennis from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. Wall Street Zen raised Ennis from a “hold” rating to a “buy” rating in a research report on Sunday, August 23rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Ennis Stock Up 0.4%

NYSE EBF opened at $21.56 on Friday. Ennis, Inc. has a 52 week low of $16.30 and a 52 week high of $22.94. The stock has a market capitalization of $545.42 million, a PE ratio of 12.91 and a beta of 0.27. The firm has a 50 day moving average of $21.63 and a two-hundred day moving average of $21.10.

Ennis (NYSE:EBF) last announced its quarterly earnings data on Monday, June 22nd. The industrial products company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $98.61 million for the quarter, compared to the consensus estimate of $98.20 million. Ennis had a net margin of 10.84% and a return on equity of 13.89%. During the same period in the prior year, the firm posted $0.38 EPS.

Ennis Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Friday, July 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, July 10th. Ennis’s dividend payout ratio is 59.88%.

Ennis Profile

Ennis, Inc (NYSE: EBF) is a provider of print and related products and services designed to meet the needs of businesses and organizations across a variety of industries. Headquartered in Dallas, Texas, Ennis offers business forms, checks, manuals, labels, promotional signage and specialty packaging. The company also delivers e-commerce and software solutions that enable customers to manage orders, customize print jobs and streamline supply-chain processes through its integrated online platform.

Ennis’s core product offerings include continuous business forms, laser checks and security-enhanced documents, as well as graphic communications materials such as brochures, catalogs and direct-mail collateral.