Acco Brands Corporation (ACCO) Position Held by Spark Investment Management LLC
Spark Investment Management LLC maintained its stake in Acco Brands Corporation (NYSE:ACCO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,500 shares of the industrial products company’s stock at the end of the second quarter. Spark Investment Management LLC owned about 0.23% of Acco Brands Corporation worth $2,918,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Guggenheim Capital LLC raised its position in Acco Brands Corporation by 31.7% in the fourth quarter. Guggenheim Capital LLC now owns 13,279 shares of the industrial products company’s stock valued at $173,000 after buying an additional 3,193 shares during the period. Teachers Advisors LLC increased its stake in Acco Brands Corporation by 196.3% in the fourth quarter. Teachers Advisors LLC now owns 1,045,492 shares of the industrial products company’s stock valued at $13,644,000 after buying an additional 692,590 shares in the last quarter. Highbridge Capital Management LLC increased its stake in Acco Brands Corporation by 73.9% in the fourth quarter. Highbridge Capital Management LLC now owns 42,185 shares of the industrial products company’s stock valued at $551,000 after buying an additional 17,925 shares in the last quarter. Alpha Windward LLC increased its stake in Acco Brands Corporation by 0.8% in the first quarter. Alpha Windward LLC now owns 37,920 shares of the industrial products company’s stock valued at $499,000 after buying an additional 300 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Acco Brands Corporation during the first quarter valued at about $358,000. Institutional investors own 91.43% of the company’s stock.
Shares of Acco Brands Corporation (NYSE ACCO) opened at 10.90 on Friday. The stock has a market capitalization of $1.19 billion, a P/E ratio of 21.71 and a beta of 1.30. The stock’s 50 day moving average price is $11.69 and its 200 day moving average price is $12.57. Acco Brands Corporation has a one year low of $9.06 and a one year high of $14.75.
Acco Brands Corporation (NYSE:ACCO) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Acco Brands Corporation had a return on equity of 15.03% and a net margin of 3.25%. The business had revenue of $490 million for the quarter, compared to analyst estimates of $497.17 million. During the same period last year, the company earned $0.25 EPS. The firm’s revenue was up 19.5% on a year-over-year basis. On average, analysts forecast that Acco Brands Corporation will post $1.10 EPS for the current year.
Several research firms have issued reports on ACCO. Zacks Investment Research downgraded Acco Brands Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. ValuEngine downgraded Acco Brands Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub downgraded Acco Brands Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, BWS Financial restated a “buy” rating and set a $18.00 price objective on shares of Acco Brands Corporation in a research note on Tuesday, July 4th.
In other Acco Brands Corporation news, SVP Kathy D. Schnaedter sold 68,653 shares of Acco Brands Corporation stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $11.26, for a total value of $773,032.78. Following the sale, the senior vice president now owns 68,655 shares of the company’s stock, valued at approximately $773,055.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.
About Acco Brands Corporation
ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.
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