Capital Management Corp VA Buys New Stake in ACCO Brands Co. (NYSE:ACCO)

Capital Management Corp VA purchased a new position in ACCO Brands Co. (NYSE:ACCO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 628,535 shares of the industrial products company's stock, valued at approximately $3,821,000. Capital Management Corp VA owned approximately 0.66% of ACCO Brands at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Medina Value Partners LLC purchased a new stake in shares of ACCO Brands in the 4th quarter valued at $8,970,000. AQR Capital Management LLC boosted its stake in shares of ACCO Brands by 77.4% in the 4th quarter. AQR Capital Management LLC now owns 2,102,061 shares of the industrial products company's stock valued at $11,751,000 after purchasing an additional 916,973 shares in the last quarter. Norges Bank purchased a new stake in shares of ACCO Brands in the 4th quarter valued at $4,803,000. Ameriprise Financial Inc. boosted its stake in shares of ACCO Brands by 516.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,005,685 shares of the industrial products company's stock valued at $5,773,000 after purchasing an additional 842,479 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of ACCO Brands by 110.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,187,604 shares of the industrial products company's stock valued at $6,817,000 after purchasing an additional 622,830 shares in the last quarter. Hedge funds and other institutional investors own 84.56% of the company's stock.

ACCO Brands Trading Up 1.2 %

NYSE:ACCO traded up $0.06 during midday trading on Friday, reaching $4.92. 659,826 shares of the stock traded hands, compared to its average volume of 499,742. The company has a fifty day moving average of $5.57 and a 200 day moving average of $5.58. ACCO Brands Co. has a 12 month low of $4.30 and a 12 month high of $6.62. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.97 and a current ratio of 1.58. The stock has a market capitalization of $470.55 million, a P/E ratio of -20.50, a PEG ratio of 0.38 and a beta of 1.64.

ACCO Brands (NYSE:ACCO - Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The industrial products company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. ACCO Brands had a negative net margin of 1.19% and a positive return on equity of 12.94%. The business had revenue of $488.60 million during the quarter, compared to analyst estimates of $476.37 million. During the same period in the prior year, the business earned $0.32 EPS. The company's revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts predict that ACCO Brands Co. will post 1.07 EPS for the current year.

ACCO Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 15th were issued a $0.075 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.30 annualized dividend and a yield of 6.10%. ACCO Brands's dividend payout ratio (DPR) is presently -125.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ACCO shares. Barrington Research reiterated an "outperform" rating and set a $7.50 price target on shares of ACCO Brands in a report on Thursday, February 29th. StockNews.com lowered shares of ACCO Brands from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 28th.

ACCO Brands 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.