Acco Brands Corporation (NYSE:ACCO) is Capital Management Corp VA's 7th Largest Position

Capital Management Corp VA raised its position in Acco Brands Corporation (NYSE:ACCO - Free Report) by 27.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,552,770 shares of the industrial products company's stock after purchasing an additional 980,910 shares during the quarter. Acco Brands accounts for about 3.3% of Capital Management Corp VA's holdings, making the stock its 7th biggest holding. Capital Management Corp VA owned about 5.05% of Acco Brands worth $19,076,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ACCO. Xponance Inc. bought a new position in shares of Acco Brands during the fourth quarter worth about $65,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Acco Brands by 25.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,322 shares of the industrial products company's stock worth $68,000 after acquiring an additional 3,276 shares during the last quarter. Syon Capital LLC bought a new position in shares of Acco Brands during the fourth quarter worth about $83,000. EP Wealth Advisors LLC raised its position in shares of Acco Brands by 44.1% during the fourth quarter. EP Wealth Advisors LLC now owns 16,188 shares of the industrial products company's stock worth $85,000 after acquiring an additional 4,958 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Acco Brands during the fourth quarter worth about $92,000. 84.56% of the stock is currently owned by institutional investors.

Acco Brands Stock Performance

NYSE ACCO traded down $0.04 during trading hours on Friday, reaching $3.75. 802,556 shares of the company were exchanged, compared to its average volume of 717,962. Acco Brands Corporation has a 1 year low of $3.32 and a 1 year high of $6.44. The business's 50 day simple moving average is $3.69 and its 200-day simple moving average is $4.25. The company has a quick ratio of 1.02, a current ratio of 1.76 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $337.87 million, a P/E ratio of -3.32, a P/E/G ratio of 0.37 and a beta of 1.35.

Acco Brands (NYSE:ACCO - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. Acco Brands had a positive return on equity of 15.48% and a negative net margin of 6.68%. The firm had revenue of $317.40 million for the quarter, compared to analyst estimates of $318.75 million. On average, equities research analysts expect that Acco Brands Corporation will post 1.02 earnings per share for the current year.

Acco Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Friday, May 23rd were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.30 dividend on an annualized basis and a yield of 8.00%. Acco Brands's dividend payout ratio is currently -26.55%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ACCO shares. Wall Street Zen raised Acco Brands from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Barrington Research decreased their target price on Acco Brands from $7.00 to $6.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd.

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.