ACCO Brands Co. (NYSE:ACCO) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in ACCO Brands Co. (NYSE:ACCO - Free Report) by 137.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 355,472 shares of the industrial products company's stock after acquiring an additional 205,867 shares during the quarter. GSA Capital Partners LLP owned about 0.37% of ACCO Brands worth $1,944,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ACCO. O Shaughnessy Asset Management LLC purchased a new stake in shares of ACCO Brands during the 1st quarter valued at $810,000. Caxton Associates LP grew its stake in shares of ACCO Brands by 421.5% during the first quarter. Caxton Associates LP now owns 150,115 shares of the industrial products company's stock worth $842,000 after acquiring an additional 121,331 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of ACCO Brands during the second quarter valued at about $4,588,000. Capital Management Corp VA raised its position in shares of ACCO Brands by 14.3% in the 3rd quarter. Capital Management Corp VA now owns 3,526,095 shares of the industrial products company's stock valued at $19,288,000 after purchasing an additional 439,810 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of ACCO Brands by 116.1% in the second quarter. Millennium Management LLC now owns 1,173,755 shares of the industrial products company's stock worth $5,517,000 after buying an additional 630,663 shares during 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 restated an "outperform" rating and issued a $7.00 price objective on shares of ACCO Brands in a research note on Wednesday, September 4th. StockNews.com upgraded ACCO Brands from a "hold" rating to a "buy" rating in a research report on Saturday, August 10th.

ACCO Brands Price Performance

ACCO traded up $0.03 during trading on Wednesday, hitting $6.24. The company's stock had a trading volume of 543,380 shares, compared to its average volume of 630,378. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The business's fifty day simple moving average is $5.32 and its 200 day simple moving average is $5.08. ACCO Brands Co. has a twelve month low of $4.36 and a twelve month high of $6.62.

ACCO Brands (NYSE:ACCO - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.23 earnings per share for the quarter, hitting analysts' consensus estimates of $0.23. The company had revenue of $420.90 million during the quarter, compared to analysts' expectations of $418.20 million. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 14.30%. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 earnings per share. On average, equities analysts expect that ACCO Brands Co. will post 1.04 EPS for the current year.

ACCO Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 15th will be given a dividend of $0.075 per share. The ex-dividend date is Friday, November 15th. This represents a $0.30 dividend on an annualized basis and a yield of 4.81%. ACCO Brands's payout ratio is -15.87%.

Insiders Place Their Bets

In related news, SVP Pamela R. Schneider sold 19,166 shares of the firm's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $5.47, for a total value of $104,838.02. Following the completion of the sale, the senior vice president now owns 243,899 shares in the company, valued at $1,334,127.53. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.30% of the stock is owned by insiders.

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.