Segall Bryant & Hamill LLC Makes New $543,000 Investment in Acco Brands Corporation (NYSE:ACCO)

Segall Bryant & Hamill LLC acquired a new position in Acco Brands Corporation (NYSE:ACCO - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 129,602 shares of the industrial products company's stock, valued at approximately $543,000. Segall Bryant & Hamill LLC owned approximately 0.14% of Acco Brands as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. HighTower Advisors LLC raised its stake in Acco Brands by 7.1% in the 4th quarter. HighTower Advisors LLC now owns 77,190 shares of the industrial products company's stock valued at $405,000 after purchasing an additional 5,148 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Acco Brands by 106.5% during the 4th quarter. Intech Investment Management LLC now owns 37,023 shares of the industrial products company's stock valued at $194,000 after acquiring an additional 19,090 shares during the last quarter. Xponance Inc. acquired a new position in shares of Acco Brands during the 4th quarter valued at about $65,000. Teacher Retirement System of Texas increased its stake in shares of Acco Brands by 130.0% during the 4th quarter. Teacher Retirement System of Texas now owns 329,656 shares of the industrial products company's stock valued at $1,731,000 after acquiring an additional 186,358 shares during the last quarter. Finally, Semanteon Capital Management LP acquired a new position in shares of Acco Brands during the 4th quarter valued at about $299,000. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

Acco Brands Stock Performance

Shares of NYSE ACCO traded up $0.10 during trading hours on Wednesday, reaching $4.02. The stock had a trading volume of 487,332 shares, compared to its average volume of 719,279. The business's fifty day moving average is $3.69 and its two-hundred day moving average is $4.23. 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 company has a market cap of $361.75 million, a price-to-earnings ratio of -3.55, a PEG ratio of 0.38 and a beta of 1.35. Acco Brands Corporation has a twelve month low of $3.32 and a twelve month high of $6.44.

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

Acco Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Friday, May 23rd were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date was Friday, May 23rd. Acco Brands's payout ratio is presently -26.55%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Barrington Research dropped their price target on shares of Acco Brands from $7.00 to $6.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Wall Street Zen raised shares of Acco Brands from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th.

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.