Capital Management Corp VA Buys 45,765 Shares of ACCO Brands Co. (NYSE:ACCO)

Capital Management Corp VA lifted its stake in shares of ACCO Brands Co. (NYSE:ACCO) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,571,860 shares of the industrial products company’s stock after buying an additional 45,765 shares during the quarter. ACCO Brands makes up approximately 3.4% of Capital Management Corp VA’s portfolio, making the stock its 6th biggest position. Capital Management Corp VA owned 3.85% of ACCO Brands worth $18,752,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in ACCO Brands by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,166,912 shares of the industrial products company’s stock worth $11,855,000 after acquiring an additional 53,490 shares in the last quarter. Foundry Partners LLC grew its stake in shares of ACCO Brands by 15.7% during the third quarter. Foundry Partners LLC now owns 765,851 shares of the industrial products company’s stock worth $4,189,000 after purchasing an additional 104,160 shares in the last quarter. Barclays PLC grew its stake in shares of ACCO Brands by 285.3% during the third quarter. Barclays PLC now owns 148,302 shares of the industrial products company’s stock worth $810,000 after purchasing an additional 109,813 shares in the last quarter. HighTower Advisors LLC increased its holdings in ACCO Brands by 21.0% in the third quarter. HighTower Advisors LLC now owns 72,042 shares of the industrial products company’s stock valued at $394,000 after buying an additional 12,508 shares during the last quarter. Finally, FMR LLC raised its stake in ACCO Brands by 123.0% in the third quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock valued at $32,000 after buying an additional 3,260 shares in the last quarter. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. 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 Tuesday, February 25th. StockNews.com downgraded ACCO Brands from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th.

ACCO Brands Price Performance

Shares of NYSE:ACCO opened at $4.71 on Friday. ACCO Brands Co. has a 12 month low of $4.30 and a 12 month high of $6.44. The firm has a market capitalization of $437.01 million, a P/E ratio of -4.44, a P/E/G ratio of 0.37 and a beta of 1.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. The company’s fifty day moving average price is $5.09 and its 200 day moving average price is $5.35.

ACCO Brands (NYSE:ACCO) last posted its earnings results on Thursday, February 20th. The industrial products company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The firm had revenue of $448.10 million for 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, sell-side analysts predict that ACCO Brands Co. will post 1.02 earnings per share for the current fiscal year.

ACCO Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend is Friday, March 14th. ACCO Brands’s payout ratio is currently -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.