DGS Capital Management LLC Sells 22,818 Shares of ACCO Brands Co. (NYSE:ACCO)

DGS Capital Management LLC lessened its stake in ACCO Brands Co. (NYSE:ACCO) by 39.6% during the fourth quarter, Holdings Channel reports. The firm owned 34,796 shares of the industrial products company’s stock after selling 22,818 shares during the period. DGS Capital Management LLC’s holdings in ACCO Brands were worth $212,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ACCO. Medina Value Partners LLC bought a new position in shares of ACCO Brands in the fourth quarter valued at approximately $8,970,000. AQR Capital Management LLC increased its position in shares of ACCO Brands by 77.4% during the fourth quarter. AQR Capital Management LLC now owns 2,102,061 shares of the industrial products company’s stock valued at $11,751,000 after acquiring an additional 916,973 shares during the last quarter. Norges Bank purchased a new stake in shares of ACCO Brands during the fourth quarter valued at approximately $4,803,000. Ameriprise Financial Inc. increased its position in shares of ACCO Brands by 516.2% during the third quarter. Ameriprise Financial Inc. now owns 1,005,685 shares of the industrial products company’s stock valued at $5,773,000 after acquiring an additional 842,479 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of ACCO Brands by 110.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,187,604 shares of the industrial products company’s stock valued at $6,817,000 after acquiring an additional 622,830 shares during the last quarter. Institutional investors own 84.56% of the company’s stock.

ACCO Brands Stock Performance

Shares of ACCO opened at $4.84 on Thursday. The firm has a market cap of $462.90 million, a PE ratio of -20.17, a PEG ratio of 0.39 and a beta of 1.64. The stock’s fifty day moving average price is $5.62 and its two-hundred day moving average price is $5.59. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.58 and a quick ratio of 0.97. ACCO Brands Co. has a 1 year low of $4.30 and a 1 year 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 (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. The firm had revenue of $488.60 million for the quarter, compared to analyst estimates of $476.37 million. ACCO Brands had a positive return on equity of 12.94% and a negative net margin of 1.19%. The business’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. On average, equities research analysts forecast that ACCO Brands Co. will post 1.07 EPS for the current year.

ACCO Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 15th were paid a $0.075 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 6.20%. ACCO Brands’s payout ratio is presently -125.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ACCO shares. Barrington Research reaffirmed an “outperform” rating and set a $7.50 price target on shares of ACCO Brands in a research report on Thursday, February 29th. StockNews.com downgraded ACCO Brands from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th.

About ACCO Brands

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.