ACCO Brands Co. (NYSE:ACCO) Shares Sold by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC cut its position in shares of ACCO Brands Co. (NYSE:ACCO) by 12.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 219,660 shares of the industrial products company’s stock after selling 30,887 shares during the quarter. Pacific Ridge Capital Partners LLC owned 0.23% of ACCO Brands worth $1,232,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Foundry Partners LLC raised its holdings in shares of ACCO Brands by 10.6% in the first quarter. Foundry Partners LLC now owns 670,289 shares of the industrial products company’s stock worth $3,760,000 after acquiring an additional 64,261 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of ACCO Brands in the first quarter worth $358,000. SG Americas Securities LLC acquired a new position in shares of ACCO Brands in the first quarter worth $71,000. Empowered Funds LLC raised its holdings in shares of ACCO Brands by 8.2% in the first quarter. Empowered Funds LLC now owns 384,111 shares of the industrial products company’s stock worth $2,155,000 after acquiring an additional 29,040 shares during the last quarter. Finally, Quantbot Technologies LP grew its position in shares of ACCO Brands by 51.0% in the first quarter. Quantbot Technologies LP now owns 42,233 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 14,257 shares during the period. 84.56% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Angela Y. Jones sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $4.96, for a total value of $74,400.00. Following the sale, the senior vice president now directly owns 18,621 shares in the company, valued at approximately $92,360.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ACCO shares. StockNews.com raised ACCO Brands from a “hold” rating to a “buy” rating in a research report on Saturday, June 22nd. Barrington Research lowered their price objective on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th.

ACCO Brands Stock Up 0.2 %

Shares of NYSE ACCO traded up $0.01 on Friday, hitting $4.81. The company had a trading volume of 448,711 shares, compared to its average volume of 653,193. ACCO Brands Co. has a 12-month low of $4.46 and a 12-month high of $6.62. The business has a 50 day moving average of $4.86 and a two-hundred day moving average of $5.38. The company has a quick ratio of 0.95, a current ratio of 1.69 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $459.84 million, a P/E ratio of -17.81, a PEG ratio of 0.40 and a beta of 1.62.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings data on Friday, May 3rd. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. ACCO Brands had a positive return on equity of 12.42% and a negative net margin of 1.36%. The firm had revenue of $358.90 million for the quarter, compared to analysts’ expectations of $371.80 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. ACCO Brands’s revenue for the quarter was down 10.9% compared to the same quarter last year. As a group, equities research analysts forecast that ACCO Brands Co. will post 1.04 earnings per share for the current fiscal year.

ACCO Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Friday, May 17th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend was Thursday, May 16th. ACCO Brands’s dividend payout ratio (DPR) is -111.11%.

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.