48,200 Shares in ACCO Brands Co. (NYSE:ACCO) Acquired by Bailard Inc.

Bailard Inc. bought a new position in shares of ACCO Brands Co. (NYSE:ACCO) in the fourth quarter, Holdings Channel reports. The fund bought 48,200 shares of the industrial products company’s stock, valued at approximately $253,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. DMC Group LLC boosted its holdings in shares of ACCO Brands by 9.5% in the fourth quarter. DMC Group LLC now owns 28,783 shares of the industrial products company’s stock worth $151,000 after buying an additional 2,496 shares during the period. Somerset Trust Co boosted its stake in ACCO Brands by 22.1% in the 4th quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 2,724 shares during the period. FMR LLC boosted its stake in ACCO Brands by 123.0% in 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 period. XTX Topco Ltd raised its stake in ACCO Brands by 8.8% during the 3rd quarter. XTX Topco Ltd now owns 58,905 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 4,781 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of ACCO Brands by 2.7% in the third quarter. Stifel Financial Corp now owns 313,644 shares of the industrial products company’s stock valued at $1,716,000 after purchasing an additional 8,153 shares in the last quarter. Institutional investors and hedge funds own 84.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ACCO shares. Barrington Research lowered their price target on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. StockNews.com cut ACCO Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

ACCO Brands Stock Up 0.6 %

ACCO Brands stock opened at $4.44 on Thursday. The firm’s 50 day moving average price is $5.12 and its two-hundred day moving average price is $5.37. The firm has a market cap of $411.93 million, a PE ratio of -4.18, a P/E/G ratio of 0.37 and a beta of 1.68. ACCO Brands Co. has a twelve month low of $4.30 and a twelve month high of $6.44. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. The firm had revenue of $448.10 million for the quarter, compared to analysts’ expectations of $455.06 million. On average, research analysts predict that ACCO Brands Co. will post 1.02 EPS for the current fiscal 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 paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 6.76%. ACCO Brands’s payout ratio is -28.30%.

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.