Counterpoint Mutual Funds LLC Makes New Investment in ACCO Brands Co. (NYSE:ACCO)

Counterpoint Mutual Funds LLC bought a new position in ACCO Brands Co. (NYSE:ACCO) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 60,958 shares of the industrial products company’s stock, valued at approximately $320,000.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of ACCO Brands by 1.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,120,891 shares of the industrial products company’s stock worth $31,767,000 after purchasing an additional 97,086 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of ACCO Brands by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 4,776,716 shares of the industrial products company’s stock worth $26,129,000 after purchasing an additional 81,990 shares during the last quarter. Capital Management Corp VA lifted its stake in shares of ACCO Brands by 1.3% during the 4th quarter. Capital Management Corp VA now owns 3,571,860 shares of the industrial products company’s stock worth $18,752,000 after purchasing an additional 45,765 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of ACCO Brands by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,166,912 shares of the industrial products company’s stock worth $11,855,000 after purchasing an additional 53,490 shares during the last quarter. Finally, Foundry Partners LLC lifted its stake in shares of ACCO Brands by 15.7% during the 3rd quarter. Foundry Partners LLC now owns 765,851 shares of the industrial products company’s stock worth $4,189,000 after purchasing an additional 104,160 shares during the last quarter. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

ACCO Brands Trading Up 1.2 %

ACCO Brands stock opened at $4.57 on Tuesday. The stock has a 50-day moving average of $5.01 and a two-hundred day moving average of $5.32. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60. ACCO Brands Co. has a one year low of $4.30 and a one year high of $6.44. The stock has a market cap of $424.84 million, a PE ratio of -4.32, a price-to-earnings-growth ratio of 0.37 and a beta of 1.74.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. The business had revenue of $448.10 million during the quarter, compared to analysts’ expectations of $455.06 million. On average, research analysts anticipate that ACCO Brands Co. will post 1.02 EPS for the current fiscal year.

ACCO Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 6.56%. The ex-dividend date is Friday, March 14th. ACCO Brands’s dividend payout ratio (DPR) is presently -28.30%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barrington Research decreased their price objective on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th.

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.