Counterpoint Mutual Funds LLC Makes New Investment in ACCO Brands Co. (NYSE:ACCO)

Counterpoint Mutual Funds LLC acquired a new position in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 60,958 shares of the industrial products company's stock, valued at approximately $320,000. Counterpoint Mutual Funds LLC owned 0.07% of ACCO Brands as of its most recent SEC filing.

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

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Wall Street Analysts Forecast Growth

ACCO has been the subject of a number of analyst reports. StockNews.com downgraded shares of ACCO Brands from a "buy" rating to a "hold" rating in a research report on Thursday. Barrington Research cut their target price 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.

ACCO Brands Price Performance

ACCO stock traded down $0.21 during mid-day trading on Friday, hitting $4.36. The stock had a trading volume of 2,128,629 shares, compared to its average volume of 869,767. The firm has a fifty day simple moving average of $4.97 and a 200 day simple moving average of $5.30. ACCO Brands Co. has a 52 week low of $4.30 and a 52 week high of $6.43. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $404.50 million, a P/E ratio of -4.11, a P/E/G ratio of 0.37 and a beta of 1.74.

ACCO Brands (NYSE:ACCO - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 EPS for the quarter, missing the consensus estimate 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 negative net margin of 6.10% and a positive return on equity of 14.96%. As a group, research analysts forecast that ACCO Brands Co. will post 1.02 EPS for the current year.

ACCO Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date is Friday, March 14th. ACCO Brands's dividend payout ratio is presently -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.