ACCO Brands Co. (NYSE:ACCO) Shares Purchased by Algert Global LLC

Algert Global LLC raised its stake in ACCO Brands Co. (NYSE:ACCO) by 7.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 323,538 shares of the industrial products company’s stock after purchasing an additional 22,308 shares during the period. Algert Global LLC’s holdings in ACCO Brands were worth $1,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. nVerses Capital LLC boosted its position in shares of ACCO Brands by 68.3% in the 3rd quarter. nVerses Capital LLC now owns 6,900 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 2,800 shares during the period. Somerset Trust Co acquired a new stake in shares of ACCO Brands in the second quarter valued at approximately $57,000. SG Americas Securities LLC purchased a new position in shares of ACCO Brands during the first quarter worth approximately $71,000. Nisa Investment Advisors LLC grew its position in shares of ACCO Brands by 841.0% during the second quarter. Nisa Investment Advisors LLC now owns 16,232 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 14,507 shares during the last quarter. Finally, Royce & Associates LP acquired a new position in shares of ACCO Brands in the 3rd quarter valued at $80,000. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ACCO shares. Barrington Research raised their price objective on shares of ACCO Brands from $7.00 to $7.50 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. StockNews.com raised ACCO Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 10th.

ACCO Brands Price Performance

Shares of NYSE ACCO opened at $5.81 on Thursday. The stock has a fifty day moving average price of $5.44 and a 200 day moving average price of $5.14. ACCO Brands Co. has a 1-year low of $4.36 and a 1-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 0.94. The company has a market cap of $539.63 million, a PE ratio of -3.07, a P/E/G ratio of 0.48 and a beta of 1.63.

ACCO Brands (NYSE:ACCO) last released its earnings results on Thursday, October 31st. The industrial products company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 14.30%. The company had revenue of $420.90 million during the quarter, compared to analysts’ expectations of $418.20 million. During the same quarter last year, the business earned $0.24 EPS. The business’s revenue was down 6.0% on a year-over-year basis. Sell-side analysts forecast that ACCO Brands Co. will post 1.04 EPS for the current year.

ACCO Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Friday, November 15th. ACCO Brands’s dividend payout ratio (DPR) is -15.87%.

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.