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

Gamco Investors INC. ET AL boosted its stake in shares of Acco Brands Corporation (NYSE:ACCO) by 188.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 432,373 shares of the industrial products company’s stock after buying an additional 282,326 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Acco Brands were worth $1,548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its position in shares of Acco Brands by 218.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 25,541 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 17,519 shares during the period. Allspring Global Investments Holdings LLC raised its position in Acco Brands by 14.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,288,508 shares of the industrial products company’s stock valued at $27,988,000 after purchasing an additional 910,009 shares during the period. First Eagle Investment Management LLC lifted its stake in Acco Brands by 20.0% during the second quarter. First Eagle Investment Management LLC now owns 863,769 shares of the industrial products company’s stock worth $3,092,000 after purchasing an additional 144,005 shares in the last quarter. AQR Capital Management LLC lifted its stake in Acco Brands by 18.6% during the first quarter. AQR Capital Management LLC now owns 1,295,815 shares of the industrial products company’s stock worth $5,429,000 after purchasing an additional 202,965 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Acco Brands during the second quarter worth $78,000. 84.56% of the stock is owned by hedge funds and other institutional investors.

Acco Brands Stock Performance

Shares of ACCO opened at $3.77 on Thursday. The stock has a 50-day simple moving average of $3.69 and a 200-day simple moving average of $3.77. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.96 and a current ratio of 1.68. The stock has a market capitalization of $339.38 million, a PE ratio of 8.96, a PEG ratio of 0.43 and a beta of 1.12. Acco Brands Corporation has a 1 year low of $3.20 and a 1 year high of $6.25.

Acco Brands (NYSE:ACCO) last released its earnings results on Friday, March 15th. The industrial products company reported $0.32 earnings per share for the quarter. Acco Brands had a net margin of 2.63% and a return on equity of 12.96%. The firm had revenue of $499.40 million for the quarter. On average, analysts predict that Acco Brands Corporation will post 1.02 earnings per share for the current fiscal year.

Acco Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date was Friday, November 21st. Acco Brands’s dividend payout ratio (DPR) is presently 71.43%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ACCO. Weiss Ratings reiterated a “sell (d+)” rating on shares of Acco Brands in a report on Wednesday, October 8th. Zacks Research upgraded shares of Acco Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, August 18th. Wall Street Zen lowered shares of Acco Brands from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Barrington Research restated an “outperform” rating and issued a $6.00 price objective on shares of Acco Brands in a report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.00.

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.