Skylands Capital LLC Sells 8,000 Shares of ACCO Brands Co. (NYSE:ACCO)

Skylands Capital LLC cut its stake in shares of ACCO Brands Co. (NYSE:ACCO) by 13.7% in the fourth quarter, Holdings Channel reports. The firm owned 50,500 shares of the industrial products company’s stock after selling 8,000 shares during the quarter. Skylands Capital LLC’s holdings in ACCO Brands were worth $307,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in ACCO Brands in the fourth quarter worth $50,000. MQS Management LLC acquired a new stake in ACCO Brands during the 3rd quarter worth $66,000. Sherbrooke Park Advisers LLC bought a new position in ACCO Brands during the third quarter worth about $82,000. AXQ Capital LP grew its stake in ACCO Brands by 34.8% in the third quarter. AXQ Capital LP now owns 16,770 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 4,332 shares during the period. Finally, WINTON GROUP Ltd increased its holdings in shares of ACCO Brands by 15.1% in the third quarter. WINTON GROUP Ltd now owns 17,172 shares of the industrial products company’s stock worth $99,000 after acquiring an additional 2,255 shares in the last quarter. Institutional investors own 84.56% of the company’s stock.

Wall Street Analyst Weigh In

ACCO has been the subject of several research analyst reports. Barrington Research reiterated an “outperform” rating and issued a $7.50 price objective on shares of ACCO Brands in a research report on Thursday, February 29th. StockNews.com cut shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th.

ACCO Brands Price Performance

ACCO stock opened at $4.85 on Tuesday. The business has a 50-day moving average of $5.38 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. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 1.12.

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

ACCO Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 17th will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date of this dividend is Thursday, May 16th. ACCO Brands’s dividend payout ratio (DPR) 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.