Sanctuary Advisors LLC Sells 83,823 Shares of ACCO Brands Co. (NYSE:ACCO)

Sanctuary Advisors LLC lowered its position in ACCO Brands Co. (NYSE:ACCO) by 85.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,823 shares of the industrial products company’s stock after selling 83,823 shares during the quarter. Sanctuary Advisors LLC’s holdings in ACCO Brands were worth $79,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of ACCO Brands by 123.0% in the third quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 3,260 shares during the period. EP Wealth Advisors LLC purchased a new position in ACCO Brands in the third quarter worth $61,000. Y Intercept Hong Kong Ltd purchased a new position in ACCO Brands in the third quarter worth $63,000. Burns Matteson Capital Management LLC purchased a new position in ACCO Brands in the fourth quarter worth $61,000. Finally, Royce & Associates LP purchased a new position in ACCO Brands in the third quarter worth $80,000. Institutional investors own 84.56% of the company’s stock.

ACCO Brands Stock Performance

NYSE ACCO opened at $4.52 on Friday. The company has a 50-day simple moving average of $5.10 and a two-hundred day simple moving average of $5.36. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. ACCO Brands Co. has a 12-month low of $4.30 and a 12-month high of $6.44. The firm has a market cap of $419.54 million, a price-to-earnings ratio of -4.26, a PEG ratio of 0.37 and a beta of 1.68.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $455.06 million. On average, equities analysts forecast that ACCO Brands Co. will post 1.02 EPS for the current year.

ACCO Brands Announces Dividend

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 given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 annualized dividend and a yield of 6.64%. ACCO Brands’s payout ratio is -28.30%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ACCO. StockNews.com lowered shares of ACCO Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Barrington Research cut their target price on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th.

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.