ACCO Brands Co. (NYSE:ACCO) SVP Sells $74,400.00 in Stock

ACCO Brands Co. (NYSE:ACCO) SVP Angela Y. Jones sold 15,000 shares of ACCO Brands stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $4.96, for a total value of $74,400.00. Following the sale, the senior vice president now directly owns 18,621 shares in the company, valued at approximately $92,360.16. The sale was disclosed in a document filed with the SEC, which is available at this link.

ACCO Brands Price Performance

ACCO traded up $0.11 during trading on Wednesday, hitting $5.02. The company’s stock had a trading volume of 175,429 shares, compared to its average volume of 672,521. ACCO Brands Co. has a 12 month low of $4.64 and a 12 month high of $6.62. The stock has a market capitalization of $480.11 million, a price-to-earnings ratio of -18.41, a price-to-earnings-growth ratio of 0.38 and a beta of 1.66. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 1.12. The firm’s 50 day moving average price is $5.23 and its two-hundred day moving average price is $5.55.

ACCO Brands (NYSE:ACCO) last announced its earnings results on Friday, May 3rd. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. ACCO Brands had a negative net margin of 1.36% and a positive return on equity of 12.19%. The company had revenue of $358.90 million for the quarter, compared to analyst estimates of $371.80 million. During the same period in the prior year, the business earned $0.09 earnings per share. ACCO Brands’s quarterly revenue was down 10.9% on a year-over-year basis. Sell-side analysts forecast that ACCO Brands Co. will post 1.07 earnings per share for the current fiscal year.

ACCO Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 17th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 5.98%. The ex-dividend date is Thursday, May 16th. ACCO Brands’s dividend payout ratio is -111.11%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. StockNews.com cut shares of ACCO Brands from a “buy” rating to a “hold” rating in a research note on Monday. Barrington Research reiterated an “outperform” rating and set a $7.50 price objective on shares of ACCO Brands in a research note on Thursday, February 29th.

Institutional Trading of ACCO Brands

Institutional investors have recently bought and sold shares of the business. Inspire Investing LLC acquired a new position in shares of ACCO Brands in the first quarter valued at approximately $358,000. SG Americas Securities LLC bought a new position in shares of ACCO Brands during the first quarter worth about $71,000. Empowered Funds LLC lifted its stake in ACCO Brands by 8.2% in the 1st quarter. Empowered Funds LLC now owns 384,111 shares of the industrial products company’s stock valued at $2,155,000 after acquiring an additional 29,040 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of ACCO Brands by 51.0% in the first quarter. Quantbot Technologies LP now owns 42,233 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 14,257 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of ACCO Brands by 0.7% in the first quarter. LSV Asset Management now owns 3,390,700 shares of the industrial products company’s stock valued at $19,022,000 after purchasing an additional 24,900 shares during the last quarter. Institutional investors and hedge funds own 84.56% of the company’s stock.

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.