Acco Brands Corporation $ACCO Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its position in shares of Acco Brands Corporation (NYSE:ACCO) by 58.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 150,047 shares of the industrial products company’s stock after selling 207,794 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.16% of Acco Brands worth $450,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its stake in shares of Acco Brands by 51.9% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,618 shares of the industrial products company’s stock worth $36,000 after buying an additional 3,288 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Acco Brands during the first quarter worth about $37,000. ExodusPoint Capital Management LP acquired a new position in Acco Brands during the fourth quarter worth about $37,000. State of Alaska Department of Revenue purchased a new stake in shares of Acco Brands in the fourth quarter valued at about $39,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Acco Brands by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 11,348 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 6,436 shares in the last quarter. Institutional investors and hedge funds own 84.56% of the company’s stock.

Acco Brands Stock Performance

Shares of NYSE ACCO opened at $4.34 on Thursday. The company has a 50-day simple moving average of $4.00 and a 200-day simple moving average of $3.77. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.77 and a quick ratio of 0.98. The company has a market cap of $400.86 million, a PE ratio of 5.57, a price-to-earnings-growth ratio of 0.83 and a beta of 1.21. Acco Brands Corporation has a 12 month low of $2.81 and a 12 month high of $4.39.

Acco Brands (NYSE:ACCO) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.07. Acco Brands had a net margin of 4.76% and a return on equity of 12.58%. The business had revenue of $343.70 million for the quarter, compared to the consensus estimate of $319.93 million. On average, equities analysts anticipate that Acco Brands Corporation will post 0.87 earnings per share for the current year.

Acco Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, August 21st. Acco Brands’s dividend payout ratio is currently 38.46%.

Insider Buying and Selling at Acco Brands

In other news, SVP Angela Y. Jones sold 57,217 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $4.02, for a total transaction of $230,012.34. Following the sale, the senior vice president owned 18,580 shares in the company, valued at $74,691.60. This trade represents a 75.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Acco Brands from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Zacks Research raised Acco Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings upgraded Acco Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Finally, Barrington Research reissued an “outperform” rating and set a $5.00 price target on shares of Acco Brands in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Acco Brands has a consensus rating of “Hold” and an average target price of $5.00.

About Acco Brands

Acco Brands Corporation is a global provider of branded office and school supplies, serving consumers, educational institutions and commercial customers. Headquartered in Lake Zurich, Illinois, the company designs, manufactures and distributes a wide range of products that enhance productivity and organization in work and learning environments.

The company’s portfolio includes staplers, hole punches, binding and laminating systems, writing tools, binders, folders and desktop accessories under well-known names such as ACCO, Swingline, GBC, Kensington, Mead and Five Star.