EMC Capital Management Has $174,000 Stock Holdings in ACCO Brands Co. (NYSE:ACCO)

EMC Capital Management raised its stake in ACCO Brands Co. (NYSE:ACCO) by 8.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 31,083 shares of the industrial products company’s stock after purchasing an additional 2,509 shares during the quarter. EMC Capital Management’s holdings in ACCO Brands were worth $174,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its position in ACCO Brands by 13.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,772,069 shares of the industrial products company’s stock worth $32,381,000 after acquiring an additional 706,291 shares in the last quarter. LSV Asset Management grew its position in ACCO Brands by 0.7% in the first quarter. LSV Asset Management now owns 3,390,700 shares of the industrial products company’s stock worth $19,022,000 after acquiring an additional 24,900 shares in the last quarter. Capital Management Corp VA grew its position in ACCO Brands by 286.7% in the first quarter. Capital Management Corp VA now owns 2,430,785 shares of the industrial products company’s stock worth $13,637,000 after acquiring an additional 1,802,250 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in ACCO Brands by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,422,023 shares of the industrial products company’s stock worth $14,724,000 after acquiring an additional 68,416 shares in the last quarter. Finally, Foundry Partners LLC grew its position in ACCO Brands by 10.6% in the first quarter. Foundry Partners LLC now owns 670,289 shares of the industrial products company’s stock worth $3,760,000 after acquiring an additional 64,261 shares in the last quarter. 84.56% of the stock is owned by institutional investors.

Insider Transactions at ACCO Brands

In other news, SVP Angela Y. Jones sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $4.96, for a total transaction of $74,400.00. Following the completion of the transaction, the senior vice president now directly owns 18,621 shares of the company’s stock, valued at approximately $92,360.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ACCO. Barrington Research lowered their target price on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. StockNews.com upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a research note on Saturday, June 22nd.

ACCO Brands Stock Performance

NYSE ACCO traded down $0.32 during midday trading on Friday, hitting $4.66. The company had a trading volume of 986,340 shares, compared to its average volume of 643,830. The company has a quick ratio of 0.95, a current ratio of 1.69 and a debt-to-equity ratio of 1.18. The stock has a market cap of $445.50 million, a price-to-earnings ratio of -17.37, a P/E/G ratio of 0.41 and a beta of 1.62. The firm has a fifty day simple moving average of $4.85 and a two-hundred day simple moving average of $5.30. ACCO Brands Co. has a fifty-two week low of $4.46 and a fifty-two week high of $6.62.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. The company had revenue of $438.30 million for the quarter, compared to analyst estimates of $452.73 million. ACCO Brands had a negative net margin of 1.36% and a positive return on equity of 12.42%. The business’s quarterly revenue was down 11.3% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS. Equities analysts forecast that ACCO Brands Co. will post 1.04 earnings per share for the current fiscal year.

ACCO Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date is Friday, August 16th. ACCO Brands’s payout ratio is -111.11%.

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.