ExodusPoint Capital Management LP Takes $610,000 Position in ACCO Brands Co. (NYSE:ACCO)

ExodusPoint Capital Management LP bought a new position in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 116,268 shares of the industrial products company's stock, valued at approximately $610,000. ExodusPoint Capital Management LP owned approximately 0.13% of ACCO Brands at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its holdings in ACCO Brands by 123.0% during 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 in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of ACCO Brands during the third quarter valued at approximately $61,000. Burns Matteson Capital Management LLC bought a new stake in ACCO Brands during the fourth quarter worth $61,000. Y Intercept Hong Kong Ltd purchased a new stake in ACCO Brands in the 3rd quarter valued at $63,000. Finally, Xponance Inc. bought a new position in ACCO Brands during the 4th quarter valued at $65,000. Institutional investors and hedge funds own 84.56% of the company's stock.

ACCO Brands Stock Performance

Shares of ACCO traded up $0.04 on Thursday, reaching $3.64. 245,030 shares of the company's stock traded hands, compared to its average volume of 680,075. The stock's 50 day simple moving average is $4.47 and its two-hundred day simple moving average is $5.11. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. ACCO Brands Co. has a 52-week low of $3.47 and a 52-week high of $6.44. The stock has a market cap of $327.51 million, a PE ratio of -3.43, a PEG ratio of 0.37 and a beta of 1.60.

ACCO Brands (NYSE:ACCO - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.01). The company had revenue of $448.10 million for the quarter, compared to analysts' expectations of $455.06 million. ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. On average, analysts forecast 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 was paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 8.25%. The ex-dividend date was Friday, March 14th. ACCO Brands's dividend payout ratio (DPR) is -28.30%.

Wall Street Analysts Forecast Growth

ACCO has been the subject of several recent analyst reports. Barrington Research reduced their target price on shares of ACCO Brands from $7.50 to $7.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. StockNews.com upgraded shares of ACCO Brands from a "hold" rating to a "buy" rating in a report on Friday, March 28th.

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.