Sanctuary Advisors LLC Acquires 13,335 Shares of ACCO Brands Co. (NYSE:ACCO)

Sanctuary Advisors LLC boosted its stake in shares of ACCO Brands Co. (NYSE:ACCO) by 15.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,646 shares of the industrial products company’s stock after buying an additional 13,335 shares during the period. Sanctuary Advisors LLC’s holdings in ACCO Brands were worth $574,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of ACCO Brands by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,299,759 shares of the industrial products company’s stock valued at $6,109,000 after buying an additional 76,840 shares in the last quarter. Privium Fund Management UK Ltd acquired a new stake in ACCO Brands in the second quarter valued at approximately $773,000. Victory Capital Management Inc. grew its holdings in ACCO Brands by 11.0% in the second quarter. Victory Capital Management Inc. now owns 268,093 shares of the industrial products company’s stock worth $1,260,000 after purchasing an additional 26,493 shares during the last quarter. American Century Companies Inc. increased its position in shares of ACCO Brands by 113.0% during the second quarter. American Century Companies Inc. now owns 1,063,997 shares of the industrial products company’s stock worth $5,001,000 after purchasing an additional 564,406 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. lifted its holdings in shares of ACCO Brands by 21.2% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 98,595 shares of the industrial products company’s stock valued at $463,000 after purchasing an additional 17,268 shares during the last quarter. Institutional investors own 84.56% of the company’s stock.

ACCO Brands Trading Down 0.4 %

Shares of NYSE:ACCO opened at $5.27 on Thursday. ACCO Brands Co. has a 52-week low of $4.36 and a 52-week high of $6.62. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The stock has a market cap of $489.48 million, a price-to-earnings ratio of -2.79, a PEG ratio of 0.48 and a beta of 1.67. The business has a 50-day moving average price of $5.65 and a 200-day moving average price of $5.25.

ACCO Brands (NYSE:ACCO) last posted its earnings results on Thursday, October 31st. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The company had revenue of $420.90 million during the quarter, compared to the consensus estimate of $418.20 million. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 14.30%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. Equities analysts predict that ACCO Brands Co. will post 1.04 EPS for the current year.

ACCO Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 15th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 5.69%. The ex-dividend date was Friday, November 15th. ACCO Brands’s dividend payout ratio is currently -15.87%.

Analysts Set New Price Targets

Several research analysts recently weighed in on ACCO shares. StockNews.com downgraded ACCO Brands from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. Barrington Research lifted their target price on shares of ACCO Brands from $7.00 to $7.50 and gave the stock an “outperform” rating in a research note on Friday, November 22nd.

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.