Foundry Partners LLC Boosts Holdings in ACCO Brands Co. (NYSE:ACCO)

Foundry Partners LLC boosted its stake in ACCO Brands Co. (NYSE:ACCO - Free Report) by 15.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 765,851 shares of the industrial products company's stock after buying an additional 104,160 shares during the quarter. Foundry Partners LLC owned approximately 0.82% of ACCO Brands worth $4,189,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ACCO. SG Americas Securities LLC acquired a new stake in ACCO Brands during the 1st quarter worth $71,000. O Shaughnessy Asset Management LLC purchased a new stake in ACCO Brands during the 1st quarter valued at about $810,000. Keeley Teton Advisors LLC raised its holdings in ACCO Brands by 12.4% in the 1st quarter. Keeley Teton Advisors LLC now owns 317,614 shares of the industrial products company's stock valued at $1,782,000 after acquiring an additional 35,130 shares during the last quarter. Lazard Asset Management LLC purchased a new position in ACCO Brands in the 1st quarter worth approximately $166,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of ACCO Brands by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 118,786 shares of the industrial products company's stock worth $667,000 after purchasing an additional 3,811 shares during the last quarter. 84.56% of the stock is currently owned by institutional investors and hedge funds.

ACCO Brands Trading Up 2.6 %

NYSE ACCO traded up $0.15 during trading hours on Friday, reaching $5.82. The company had a trading volume of 523,921 shares, compared to its average volume of 626,408. ACCO Brands Co. has a 1-year low of $4.36 and a 1-year high of $6.62. The stock has a market capitalization of $540.57 million, a P/E ratio of -3.08, a price-to-earnings-growth ratio of 0.46 and a beta of 1.63. The stock has a 50-day moving average of $5.41 and a 200 day moving average of $5.13. 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 (NYSE:ACCO - Get Free Report) last posted its earnings results on Thursday, October 31st. The industrial products company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 14.30%. The firm had revenue of $420.90 million during the quarter, compared to the consensus estimate of $418.20 million. During the same quarter last year, the firm earned $0.24 EPS. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. As a group, research analysts anticipate that ACCO Brands Co. will post 1.04 earnings per share for the current fiscal year.

ACCO Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 15th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend is Friday, November 15th. ACCO Brands's dividend payout ratio (DPR) is -15.87%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ACCO shares. StockNews.com raised ACCO Brands from a "hold" rating to a "buy" rating in a report on Saturday, August 10th. Barrington Research raised their target price on ACCO Brands from $7.00 to $7.50 and gave the stock an "outperform" rating in a research note on Friday.

Insider Buying and Selling at ACCO Brands

In other ACCO Brands news, SVP Pamela R. Schneider sold 19,166 shares of the company's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $5.47, for a total transaction of $104,838.02. Following the sale, the senior vice president now owns 243,899 shares in the company, valued at $1,334,127.53. This represents a 7.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.30% of the stock is currently owned by corporate insiders.

About ACCO Brands

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.