Nisa Investment Advisors LLC Boosts Holdings in ACCO Brands Co. (NYSE:ACCO)

Nisa Investment Advisors LLC increased its stake in shares of ACCO Brands Co. (NYSE:ACCO) by 841.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,232 shares of the industrial products company’s stock after buying an additional 14,507 shares during the period. Nisa Investment Advisors LLC’s holdings in ACCO Brands were worth $76,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of ACCO Brands by 13.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,772,069 shares of the industrial products company’s stock worth $32,381,000 after purchasing an additional 706,291 shares during the last quarter. LSV Asset Management raised its stake in shares of 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. Capital Management Corp VA lifted its position in shares of ACCO Brands by 286.7% during the 1st quarter. Capital Management Corp VA now owns 2,430,785 shares of the industrial products company’s stock valued at $13,637,000 after buying an additional 1,802,250 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ACCO Brands by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,422,023 shares of the industrial products company’s stock worth $14,724,000 after acquiring an additional 68,416 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of ACCO Brands by 160.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 819,268 shares of the industrial products company’s stock worth $3,851,000 after acquiring an additional 504,876 shares during the period. Institutional investors own 84.56% of the company’s stock.

Wall Street Analysts Forecast Growth

ACCO has been the topic of several recent research reports. Barrington Research dropped their price objective on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. StockNews.com upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th.

ACCO Brands Stock Performance

NYSE:ACCO opened at $5.45 on Monday. The business’s fifty day moving average is $4.83 and its 200 day moving average is $5.16. The firm has a market cap of $521.02 million, a price-to-earnings ratio of -20.19, a PEG ratio of 0.40 and a beta of 1.62. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.95 and a current ratio of 1.69. ACCO Brands Co. has a 52-week low of $4.36 and a 52-week high of $6.62.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. ACCO Brands had a positive return on equity of 12.57% and a negative net margin of 10.15%. The firm had revenue of $438.30 million for the quarter, compared to analysts’ expectations of $452.73 million. During the same period in the prior year, the business posted $0.38 earnings per share. The company’s revenue was down 11.3% on a year-over-year basis. Research analysts predict that ACCO Brands Co. will post 1.04 EPS for the current year.

ACCO Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.50%. ACCO Brands’s dividend payout ratio (DPR) is currently -111.11%.

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.