24,000 Shares in ACCO Brands Co. (NYSE:ACCO) Acquired by Stephens Inc. AR

Stephens Inc. AR acquired a new position in ACCO Brands Co. (NYSE:ACCO) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,000 shares of the industrial products company’s stock, valued at approximately $131,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACCO. BNP Paribas Financial Markets lifted its stake in ACCO Brands by 96.7% in the first quarter. BNP Paribas Financial Markets now owns 134,397 shares of the industrial products company’s stock valued at $754,000 after buying an additional 66,070 shares during the period. GSA Capital Partners LLP lifted its stake in ACCO Brands by 12.2% in the first quarter. GSA Capital Partners LLP now owns 159,258 shares of the industrial products company’s stock valued at $893,000 after buying an additional 17,255 shares during the period. LSV Asset Management lifted its stake in ACCO Brands by 0.7% in the first quarter. LSV Asset Management now owns 3,390,700 shares of the industrial products company’s stock valued at $19,022,000 after buying an additional 24,900 shares during the period. Quantbot Technologies LP lifted its stake in ACCO Brands by 51.0% in the first quarter. Quantbot Technologies LP now owns 42,233 shares of the industrial products company’s stock valued at $237,000 after buying an additional 14,257 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of ACCO Brands by 8.2% during the first quarter. Empowered Funds LLC now owns 384,111 shares of the industrial products company’s stock valued at $2,155,000 after acquiring an additional 29,040 shares in the last quarter. 84.56% of the stock is owned by institutional investors and hedge funds.

ACCO Brands Stock Down 0.8 %

Shares of NYSE ACCO opened at $6.02 on Friday. ACCO Brands Co. has a one year low of $4.36 and a one year high of $6.62. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 1.09. The business’s fifty day moving average price is $5.29 and its 200-day moving average price is $5.06. The stock has a market capitalization of $559.14 million, a PE ratio of -3.19, a P/E/G ratio of 0.45 and a beta of 1.63.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $420.90 million for the quarter, compared to analysts’ expectations of $418.20 million. ACCO Brands had a positive return on equity of 14.30% and a negative net margin of 10.64%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, equities research analysts anticipate that ACCO Brands Co. will post 1.04 EPS for the current year.

ACCO Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 15th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.30 dividend on an annualized basis and a yield of 4.98%. ACCO Brands’s dividend payout ratio (DPR) is -15.87%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. Barrington Research restated an “outperform” rating and issued a $7.00 price objective on shares of ACCO Brands in a research note on Wednesday, September 4th.

Insiders Place Their Bets

In other ACCO Brands news, SVP Pamela R. Schneider sold 19,166 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $5.47, for a total value of $104,838.02. Following the transaction, the senior vice president now directly owns 243,899 shares in the company, valued at $1,334,127.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.30% of the company’s stock.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.