Wedge Capital Management L L P NC Increases Holdings in ACCO Brands Co. (NYSE:ACCO)

Wedge Capital Management L L P NC raised its stake in shares of ACCO Brands Co. (NYSE:ACCO) by 8.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 82,879 shares of the industrial products company’s stock after buying an additional 6,738 shares during the quarter. Wedge Capital Management L L P NC’s holdings in ACCO Brands were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. DMC Group LLC raised its stake in ACCO Brands by 14.0% during the 3rd quarter. DMC Group LLC now owns 17,817 shares of the industrial products company’s stock valued at $102,000 after buying an additional 2,184 shares during the last quarter. WINTON GROUP Ltd increased its stake in shares of ACCO Brands by 15.1% in the 3rd quarter. WINTON GROUP Ltd now owns 17,172 shares of the industrial products company’s stock worth $99,000 after purchasing an additional 2,255 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of ACCO Brands by 3.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 69,312 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 2,424 shares in the last quarter. AXQ Capital LP increased its stake in shares of ACCO Brands by 34.8% in the 3rd quarter. AXQ Capital LP now owns 16,770 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 4,332 shares in the last quarter. Finally, Strs Ohio increased its stake in shares of ACCO Brands by 5.4% in the 3rd quarter. Strs Ohio now owns 111,200 shares of the industrial products company’s stock worth $638,000 after purchasing an additional 5,700 shares in the last quarter. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on ACCO shares. StockNews.com lowered ACCO Brands from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th. Barrington Research restated an “outperform” rating and issued a $7.50 price objective on shares of ACCO Brands in a research note on Thursday, February 29th.

ACCO Brands Trading Down 0.4 %

Shares of ACCO Brands stock opened at $4.83 on Friday. The company has a market capitalization of $461.94 million, a P/E ratio of -20.13, a P/E/G ratio of 0.38 and a beta of 1.64. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.97 and a current ratio of 1.58. The company has a fifty day moving average of $5.44 and a 200 day moving average of $5.57. ACCO Brands Co. has a fifty-two week low of $4.30 and a fifty-two week high of $6.62.

ACCO Brands (NYSE:ACCO) last issued its earnings results on Friday, February 23rd. The industrial products company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. The company had revenue of $488.60 million during the quarter, compared to the consensus estimate of $476.37 million. ACCO Brands had a negative net margin of 1.19% and a positive return on equity of 12.94%. ACCO Brands’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. On average, sell-side analysts anticipate that ACCO Brands Co. will post 1.07 earnings per share for the current fiscal year.

ACCO Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 15th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 6.21%. The ex-dividend date was Thursday, March 14th. ACCO Brands’s dividend payout ratio is currently -125.00%.

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.