GSA Capital Partners LLP Has $1.94 Million Stock Holdings in ACCO Brands Co. (NYSE:ACCO)

GSA Capital Partners LLP boosted its stake in shares of ACCO Brands Co. (NYSE:ACCO) by 137.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 355,472 shares of the industrial products company’s stock after buying an additional 205,867 shares during the quarter. GSA Capital Partners LLP’s holdings in ACCO Brands were worth $1,944,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ACCO. nVerses Capital LLC lifted its position in shares of ACCO Brands by 68.3% in the third quarter. nVerses Capital LLC now owns 6,900 shares of the industrial products company’s stock valued at $38,000 after buying an additional 2,800 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of ACCO Brands in the first quarter valued at approximately $65,000. Somerset Trust Co acquired a new stake in shares of ACCO Brands in the second quarter valued at approximately $57,000. SG Americas Securities LLC acquired a new stake in shares of ACCO Brands in the first quarter valued at approximately $71,000. Finally, Paloma Partners Management Co acquired a new stake in shares of ACCO Brands in the first quarter valued at approximately $74,000. 84.56% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ACCO Brands news, SVP Pamela R. Schneider sold 19,166 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $5.47, for a total transaction of $104,838.02. Following the transaction, the senior vice president now owns 243,899 shares in the company, valued at $1,334,127.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.30% of the company’s stock.

ACCO Brands Price Performance

Shares of NYSE ACCO opened at $6.21 on Wednesday. The firm has a market cap of $576.78 million, a P/E ratio of -3.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.63. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 1.38. ACCO Brands Co. has a 1-year low of $4.36 and a 1-year high of $6.62. The business’s 50 day moving average is $5.32 and its 200-day moving average is $5.08.

ACCO Brands (NYSE:ACCO) last announced its earnings results on Thursday, October 31st. The industrial products company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $420.90 million for the quarter, compared to analyst estimates of $418.20 million. ACCO Brands had a positive return on equity of 14.30% and a negative net margin of 10.64%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 earnings per share. Equities research analysts predict that ACCO Brands Co. will post 1.04 earnings per share for the current year.

ACCO Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, November 15th. This represents a $0.30 dividend on an annualized basis and a yield of 4.83%. ACCO Brands’s dividend payout ratio (DPR) is presently -15.87%.

Wall Street Analyst Weigh In

ACCO has been the subject of a number of recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $7.00 price objective on shares of ACCO Brands in a research report on Wednesday, September 4th. StockNews.com raised ACCO Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th.

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.