Bailard Inc. Buys Shares of 48,200 ACCO Brands Co. (NYSE:ACCO)

Bailard Inc. purchased a new position in shares of ACCO Brands Co. (NYSE:ACCO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 48,200 shares of the industrial products company’s stock, valued at approximately $253,000. Bailard Inc. owned 0.05% of ACCO Brands at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its position in ACCO Brands by 2.5% in the third quarter. Geode Capital Management LLC now owns 2,166,912 shares of the industrial products company’s stock worth $11,855,000 after buying an additional 53,490 shares during the period. Foundry Partners LLC grew its position 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 acquiring an additional 104,160 shares during the last quarter. Barclays PLC increased its holdings in shares of ACCO Brands by 285.3% in the 3rd 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 lifted its position 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 valued at $394,000 after purchasing an additional 12,508 shares during the last quarter. Finally, FMR LLC boosted its stake in ACCO Brands by 123.0% during 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. Institutional investors own 84.56% of the company’s stock.

Wall Street Analyst Weigh In

ACCO has been the topic of a number of recent analyst reports. Barrington Research cut their price target on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. StockNews.com downgraded ACCO Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

ACCO Brands Stock Performance

Shares of ACCO opened at $4.44 on Thursday. The firm has a market capitalization of $411.93 million, a PE ratio of -4.18, a P/E/G ratio of 0.37 and a beta of 1.68. 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 firm has a 50-day moving average price of $5.12 and a 200 day moving average price of $5.37. ACCO Brands Co. has a 52-week low of $4.30 and a 52-week high of $6.44.

ACCO Brands (NYSE:ACCO) 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 the consensus estimate of $0.40 by ($0.01). ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. The company had revenue of $448.10 million during the quarter, compared to the consensus estimate of $455.06 million. On average, sell-side analysts anticipate 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 paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date of this dividend 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.