StockNews.com started coverage on shares of ACCO Brands (NYSE:ACCO – Get Rating) in a research report report published on Thursday. The brokerage issued a hold rating on the industrial products company’s stock.
Separately, BWS Financial lowered shares of ACCO Brands from a buy rating to a neutral rating and lowered their target price for the stock from $9.00 to $6.00 in a research note on Tuesday, February 14th.
ACCO Brands Stock Performance
Shares of ACCO stock opened at $4.88 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average of $5.85 and a two-hundred day moving average of $5.50. ACCO Brands has a 1-year low of $4.27 and a 1-year high of $8.50.
ACCO Brands Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Friday, March 10th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 6.15%. The ex-dividend date of this dividend is Thursday, March 9th. ACCO Brands’s payout ratio is -187.49%.
In other ACCO Brands news, EVP Roxanne M. Bernstein acquired 5,000 shares of the stock in a transaction dated Thursday, March 9th. The stock was acquired at an average price of $5.40 per share, with a total value of $27,000.00. Following the completion of the purchase, the executive vice president now owns 25,000 shares in the company, valued at approximately $135,000. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.10% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd lifted its stake in ACCO Brands by 1,042.2% in the first quarter. Point72 Hong Kong Ltd now owns 3,358 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 3,064 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new position in ACCO Brands in the third quarter worth approximately $28,000. Lazard Asset Management LLC purchased a new position in ACCO Brands in the first quarter worth approximately $30,000. Tower Research Capital LLC TRC lifted its stake in ACCO Brands by 116.6% in the third quarter. Tower Research Capital LLC TRC now owns 7,798 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 4,197 shares during the last quarter. Finally, Eads & Heald Wealth Management purchased a new position in ACCO Brands in the third quarter worth approximately $49,000. Hedge funds and other institutional investors own 80.65% of the company’s stock.
About ACCO Brands
ACCO Brands Corp. engages in the manufacture and marketing of office, school, calendar products, and select computer and electronic accessories. It operates through the followings segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The ACCO Brands North America segment includes the U.S.
- Get a free copy of the StockNews.com research report on ACCO Brands (ACCO)
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