Cubist Systematic Strategies LLC Boosts Stock Position in ACCO Brands Co. (NYSE:ACCO)

Cubist Systematic Strategies LLC increased its stake in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 1,021.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 130,892 shares of the industrial products company's stock after purchasing an additional 119,216 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.14% of ACCO Brands worth $687,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Burns Matteson Capital Management LLC purchased a new position in shares of ACCO Brands during the fourth quarter worth $61,000. Xponance Inc. acquired a new position in ACCO Brands during the 4th quarter worth about $65,000. Somerset Trust Co boosted its holdings in ACCO Brands by 22.1% during the 4th quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company's stock valued at $79,000 after acquiring an additional 2,724 shares during the period. Versor Investments LP acquired a new position in ACCO Brands in the 4th quarter valued at about $82,000. Finally, Syon Capital LLC purchased a new stake in ACCO Brands during the fourth quarter worth about $83,000. Institutional investors and hedge funds own 84.56% of the company's stock.

ACCO Brands Stock Down 1.2%

ACCO stock traded down $0.05 during mid-day trading on Wednesday, reaching $3.74. The company had a trading volume of 91,648 shares, compared to its average volume of 693,253. ACCO Brands Co. has a fifty-two week low of $3.41 and a fifty-two week high of $6.44. The company has a market capitalization of $336.52 million, a price-to-earnings ratio of -3.50, a price-to-earnings-growth ratio of 0.37 and a beta of 1.36. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60. The firm has a fifty day simple moving average of $3.94 and a 200 day simple moving average of $4.88.

ACCO Brands (NYSE:ACCO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. The firm had revenue of $317.40 million during the quarter, compared to the consensus estimate of $318.75 million. Analysts forecast that ACCO Brands Co. will post 1.02 earnings per share for the current fiscal year.

ACCO Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 23rd will be given a $0.075 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.30 annualized dividend and a dividend yield of 8.03%. ACCO Brands's dividend payout ratio is presently -26.55%.

Wall Street Analyst Weigh In

ACCO has been the subject of a number of research reports. StockNews.com upgraded shares of ACCO Brands from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Barrington Research dropped their price target on shares of ACCO Brands from $7.50 to $7.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th.

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.