Cornercap Investment Counsel Inc. Sells 12,042 Shares of Ennis, Inc. (NYSE:EBF)

Cornercap Investment Counsel Inc. decreased its position in Ennis, Inc. (NYSE:EBF) by 53.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,496 shares of the industrial products company’s stock after selling 12,042 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Ennis were worth $255,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Ennis by 74.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,588 shares of the industrial products company’s stock worth $1,346,000 after acquiring an additional 27,921 shares during the last quarter. Creative Planning lifted its position in shares of Ennis by 84.9% in the third quarter. Creative Planning now owns 57,093 shares of the industrial products company’s stock valued at $1,389,000 after acquiring an additional 26,207 shares in the last quarter. Koss Olinger Consulting LLC purchased a new stake in Ennis during the 2nd quarter valued at approximately $494,000. Cubist Systematic Strategies LLC bought a new position in shares of Ennis during the 2nd quarter valued at about $543,000. Finally, AQR Capital Management LLC grew its holdings in Ennis by 74.5% during the 2nd quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company’s stock valued at $5,870,000 after buying an additional 114,516 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 shares of Ennis from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 29th.

Ennis Price Performance

Shares of NYSE EBF opened at $21.07 on Tuesday. The stock has a market capitalization of $547.77 million, a P/E ratio of 13.51 and a beta of 0.41. Ennis, Inc. has a 1-year low of $18.88 and a 1-year high of $25.75. The business’s 50 day moving average is $22.38 and its two-hundred day moving average is $22.16.

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

Ennis Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 11th were paid a $0.25 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.00 dividend on an annualized basis and a yield of 4.75%. Ennis’s dividend payout ratio is currently 63.29%.

About Ennis

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.