Insider Buying: ACCO Brands Co. (NYSE:ACCO) CEO Buys $19,602.45 in Stock

ACCO Brands Co. (NYSE:ACCO) CEO Thomas W. Tedford acquired 5,715 shares of the stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $3.43 per share, for a total transaction of $19,602.45. Following the transaction, the chief executive officer now owns 489,327 shares of the company’s stock, valued at approximately $1,678,391.61. This trade represents a 1.18 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

ACCO Brands Stock Performance

NYSE ACCO opened at $3.74 on Friday. The firm has a market cap of $336.97 million, a P/E ratio of -3.53, a price-to-earnings-growth ratio of 0.37 and a beta of 1.36. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The company’s 50 day moving average is $4.05 and its 200-day moving average is $4.93. ACCO Brands Co. has a 12-month low of $3.41 and a 12-month high of $6.44.

ACCO Brands (NYSE:ACCO) last issued its earnings results on Thursday, May 1st. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. The business had revenue of $317.40 million for the quarter, compared to analysts’ expectations of $318.75 million. Sell-side analysts predict that ACCO Brands Co. will post 1.02 earnings per share for the current year.

ACCO Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date is Friday, May 23rd. ACCO Brands’s payout ratio is presently -26.55%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barrington Research lowered their price target on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. StockNews.com cut ACCO Brands from a “buy” rating to a “hold” rating in a research report on Tuesday.

Institutional Investors Weigh In On ACCO Brands

Several hedge funds and other institutional investors have recently modified their holdings of the stock. DMC Group LLC grew its stake in ACCO Brands by 9.5% during the fourth quarter. DMC Group LLC now owns 28,783 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 2,496 shares in the last quarter. Somerset Trust Co increased its holdings in shares of ACCO Brands by 22.1% in the fourth quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 2,724 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of ACCO Brands by 25.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,322 shares of the industrial products company’s stock worth $68,000 after buying an additional 3,276 shares in the last quarter. Diversified Trust Co boosted its stake in ACCO Brands by 18.4% during the first quarter. Diversified Trust Co now owns 30,058 shares of the industrial products company’s stock valued at $126,000 after buying an additional 4,669 shares during the period. Finally, Nebula Research & Development LLC grew its position in ACCO Brands by 8.6% during the fourth quarter. Nebula Research & Development LLC now owns 59,572 shares of the industrial products company’s stock worth $313,000 after buying an additional 4,732 shares in the last quarter. 84.56% of the stock is currently owned by institutional investors.

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.