Inspire Investing LLC Buys 11,005 Shares of ACCO Brands Co. (NYSE:ACCO)

Inspire Investing LLC lifted its stake in ACCO Brands Co. (NYSE:ACCO) by 17.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,889 shares of the industrial products company’s stock after buying an additional 11,005 shares during the quarter. Inspire Investing LLC owned approximately 0.08% of ACCO Brands worth $352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in ACCO Brands in the 1st quarter worth $65,000. Somerset Trust Co bought a new position in ACCO Brands during the second quarter valued at approximately $57,000. SG Americas Securities LLC purchased a new position in ACCO Brands during the 1st quarter valued at approximately $71,000. Paloma Partners Management Co bought a new stake in ACCO Brands in the 1st quarter worth approximately $74,000. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of ACCO Brands during the 1st quarter worth approximately $88,000. Institutional investors own 84.56% of the company’s stock.

Wall Street Analysts Forecast Growth

ACCO has been the topic of several research reports. StockNews.com upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. Barrington Research restated an “outperform” rating and issued a $7.00 target price on shares of ACCO Brands in a report on Wednesday, September 4th.

Insiders Place Their Bets

In other news, SVP Pamela R. Schneider sold 19,166 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $5.47, for a total value of $104,838.02. Following the sale, the senior vice president now directly owns 243,899 shares in the company, valued at $1,334,127.53. The sale was disclosed in a document filed with the SEC, which is available at this link. 7.30% of the stock is owned by insiders.

ACCO Brands Trading Down 3.5 %

Shares of ACCO stock opened at $5.27 on Monday. The company has a market cap of $503.81 million, a PE ratio of -19.52, a price-to-earnings-growth ratio of 0.41 and a beta of 1.62. ACCO Brands Co. has a 1 year low of $4.36 and a 1 year high of $6.62. The stock’s 50 day simple moving average is $5.11 and its two-hundred day simple moving average is $5.06. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.77 and a quick ratio of 1.09.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. ACCO Brands had a positive return on equity of 13.32% and a negative net margin of 10.15%. The company had revenue of $438.30 million during the quarter, compared to the consensus estimate of $452.73 million. During the same period last year, the company earned $0.38 earnings per share. ACCO Brands’s revenue was down 11.3% on a year-over-year basis. Research analysts predict that ACCO Brands Co. will post 1.04 earnings per share for the current year.

ACCO Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 16th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date of this dividend was Friday, August 16th. ACCO Brands’s dividend payout ratio (DPR) is currently -111.11%.

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.