Susquehanna Fundamental Investments LLC Takes Position in ACCO Brands Co. (NYSE:ACCO)

Susquehanna Fundamental Investments LLC bought a new position in ACCO Brands Co. (NYSE:ACCO) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 25,704 shares of the industrial products company’s stock, valued at approximately $121,000.

Other large investors have also recently modified their holdings of the company. Somerset Trust Co bought a new stake in ACCO Brands in the second quarter worth about $57,000. Innealta Capital LLC purchased a new stake in ACCO Brands in the first quarter worth $65,000. SG Americas Securities LLC bought a new stake in shares of ACCO Brands during the first quarter worth $71,000. Paloma Partners Management Co purchased a new stake in shares of ACCO Brands during the first quarter valued at $74,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of ACCO Brands by 841.0% during the second quarter. Nisa Investment Advisors LLC now owns 16,232 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 14,507 shares during the period. Institutional investors own 84.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barrington Research reiterated an “outperform” rating and set a $7.00 price objective on shares of ACCO Brands in a report on Wednesday, September 4th. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 10th.

Insider Transactions at ACCO Brands

In other ACCO Brands news, SVP Pamela R. Schneider sold 19,166 shares of ACCO Brands stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $5.47, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.30% of the company’s stock.

ACCO Brands Stock Performance

Shares of ACCO Brands stock opened at $5.25 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock’s fifty day moving average price is $5.20 and its 200-day moving average price is $5.06. The firm has a market cap of $501.90 million, a P/E ratio of -19.44, a P/E/G ratio of 0.42 and a beta of 1.62. ACCO Brands Co. has a 12 month low of $4.36 and a 12 month high of $6.62.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. ACCO Brands had a negative net margin of 10.15% and a positive return on equity of 13.32%. The business had revenue of $438.30 million during the quarter, compared to analyst estimates of $452.73 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s quarterly revenue was down 11.3% compared to the same quarter last year. On average, equities research analysts expect that ACCO Brands Co. will post 1.04 earnings per share for the current fiscal year.

ACCO Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 5.71%. The ex-dividend date was Friday, August 16th. ACCO Brands’s payout ratio is -111.11%.

About ACCO Brands

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.