Acco Brands Corporation (NYSE:ACCO) Stake Lifted by North Star Investment Management Corp.

North Star Investment Management Corp. boosted its stake in Acco Brands Corporation (NYSE:ACCO - Free Report) by 47.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 634,373 shares of the industrial products company's stock after acquiring an additional 205,061 shares during the period. North Star Investment Management Corp. owned 0.70% of Acco Brands worth $2,658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wedge Capital Management L L P NC lifted its position in shares of Acco Brands by 61.8% during the 1st quarter. Wedge Capital Management L L P NC now owns 236,483 shares of the industrial products company's stock valued at $991,000 after acquiring an additional 90,281 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Acco Brands during the 4th quarter worth $1,764,000. Mackenzie Financial Corp raised its stake in shares of Acco Brands by 132.6% during the 4th quarter. Mackenzie Financial Corp now owns 146,331 shares of the industrial products company's stock worth $768,000 after buying an additional 83,428 shares during the last quarter. PharVision Advisers LLC acquired a new position in Acco Brands during the fourth quarter worth about $438,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Acco Brands by 25.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 345,511 shares of the industrial products company's stock valued at $1,814,000 after purchasing an additional 70,365 shares in the last quarter. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

Acco Brands Trading Down 1.3%

NYSE ACCO traded down $0.05 during mid-day trading on Wednesday, hitting $3.40. The company's stock had a trading volume of 1,065,225 shares, compared to its average volume of 711,380. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.76 and a quick ratio of 1.02. The firm has a market capitalization of $305.89 million, a P/E ratio of -3.00, a price-to-earnings-growth ratio of 0.34 and a beta of 1.37. The stock's fifty day simple moving average is $3.70 and its two-hundred day simple moving average is $4.57. Acco Brands Corporation has a 52-week low of $3.39 and a 52-week high of $6.44.

Acco Brands (NYSE:ACCO - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.02. Acco Brands had a negative net margin of 6.68% and a positive return on equity of 15.48%. The business had revenue of $317.40 million for the quarter, compared to analysts' expectations of $318.75 million. Research analysts expect that Acco Brands Corporation will post 1.02 EPS for the current year.

Acco Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Friday, May 23rd will be paid a $0.075 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.30 dividend on an annualized basis and a yield of 8.84%. Acco Brands's dividend payout ratio (DPR) is -26.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen raised Acco Brands from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Barrington Research reduced their price target on Acco Brands from $7.00 to $6.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd.

About Acco Brands

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.