Versor Investments LP Sells 75,200 Shares of Acco Brands Corporation $ACCO

Versor Investments LP lessened its stake in shares of Acco Brands Corporation (NYSE:ACCO) by 65.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 40,400 shares of the industrial products company’s stock after selling 75,200 shares during the period. Versor Investments LP’s holdings in Acco Brands were worth $145,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of Acco Brands by 25.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,322 shares of the industrial products company’s stock valued at $68,000 after buying an additional 3,276 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Acco Brands by 29.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 443,737 shares of the industrial products company’s stock worth $1,859,000 after acquiring an additional 102,213 shares during the period. Nisa Investment Advisors LLC raised its stake in Acco Brands by 273.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 61,543 shares of the industrial products company’s stock worth $258,000 after acquiring an additional 45,057 shares during the period. Segall Bryant & Hamill LLC purchased a new position in Acco Brands during the first quarter valued at approximately $543,000. Finally, Capital Management Corp VA boosted its position in shares of Acco Brands by 27.5% in the first quarter. Capital Management Corp VA now owns 4,552,770 shares of the industrial products company’s stock worth $19,076,000 after purchasing an additional 980,910 shares during the period. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Acco Brands Stock Performance

ACCO opened at $3.45 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.15 and a current ratio of 1.85. The stock has a market capitalization of $310.52 million, a price-to-earnings ratio of 7.33, a PEG ratio of 0.46 and a beta of 1.40. The company has a fifty day moving average of $3.95 and a 200 day moving average of $3.82. Acco Brands Corporation has a fifty-two week low of $3.32 and a fifty-two week high of $6.43.

Acco Brands (NYSE:ACCO) last announced its quarterly earnings results on Friday, March 15th. The industrial products company reported $0.32 EPS for the quarter. Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. The business had revenue of $499.40 million for the quarter. As a group, sell-side analysts forecast that Acco Brands Corporation will post 1.02 earnings per share for the current fiscal year.

Acco Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 21st will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.30 dividend on an annualized basis and a yield of 8.7%. Acco Brands’s dividend payout ratio is presently 71.43%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of Acco Brands from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Zacks Research upgraded Acco Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, August 18th. Barrington Research reissued an “outperform” rating and set a $6.00 price target on shares of Acco Brands in a report on Thursday, August 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Acco Brands in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Acco Brands presently has an average rating of “Hold” and an average price target of $6.00.

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.