Semanteon Capital Management LP Makes New $299,000 Investment in ACCO Brands Co. (NYSE:ACCO)

Semanteon Capital Management LP bought a new position in shares of ACCO Brands Co. (NYSE:ACCO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 57,018 shares of the industrial products company’s stock, valued at approximately $299,000. Semanteon Capital Management LP owned about 0.06% of ACCO Brands at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its position in ACCO Brands by 123.0% during the 3rd quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 3,260 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in ACCO Brands during the 3rd quarter worth approximately $61,000. Y Intercept Hong Kong Ltd purchased a new stake in ACCO Brands during the 3rd quarter worth approximately $63,000. Burns Matteson Capital Management LLC purchased a new stake in shares of ACCO Brands in the 4th quarter valued at $61,000. Finally, Xponance Inc. acquired a new stake in shares of ACCO Brands in the fourth quarter worth $65,000. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barrington Research cut their price objective on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. StockNews.com lowered shares of ACCO Brands from a “buy” rating to a “hold” rating in a research note on Thursday.

ACCO Brands Stock Down 4.5 %

NYSE:ACCO opened at $4.36 on Friday. The firm has a market capitalization of $404.50 million, a P/E ratio of -4.11, a PEG ratio of 0.37 and a beta of 1.74. ACCO Brands Co. has a 1-year low of $4.30 and a 1-year high of $6.44. The company’s fifty day moving average price is $4.96 and its 200-day moving average price is $5.29. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The business had revenue of $448.10 million during the quarter, compared to analyst estimates of $455.06 million. ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. As a group, equities research analysts anticipate that ACCO Brands Co. will post 1.02 EPS for the current year.

ACCO Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 annualized dividend and a yield of 6.89%. ACCO Brands’s dividend payout ratio is presently -28.30%.

ACCO Brands 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.