ACCO Brands Co. (NYSE:ACCO) SVP Angela Y. Jones Sells 15,000 Shares

ACCO Brands Co. (NYSE:ACCO) SVP Angela Y. Jones sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $4.96, for a total value of $74,400.00. Following the sale, the senior vice president now owns 18,621 shares in the company, valued at approximately $92,360.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

ACCO Brands Trading Up 2.2 %

Shares of NYSE ACCO opened at $5.02 on Thursday. ACCO Brands Co. has a 12-month low of $4.64 and a 12-month high of $6.62. The company has a market cap of $480.11 million, a price-to-earnings ratio of -18.59, a price-to-earnings-growth ratio of 0.38 and a beta of 1.66. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 1.12. The stock’s 50 day simple moving average is $5.22 and its 200 day simple moving average is $5.55.

ACCO Brands (NYSE:ACCO) last posted its earnings results on Friday, May 3rd. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. ACCO Brands had a positive return on equity of 12.19% and a negative net margin of 1.36%. The company had revenue of $358.90 million for the quarter, compared to analysts’ expectations of $371.80 million. During the same period last year, the business posted $0.09 earnings per share. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. Equities research analysts expect that ACCO Brands Co. will post 1.07 EPS for the current year.

ACCO Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date is Thursday, May 16th. ACCO Brands’s payout ratio is -111.11%.

Analyst Upgrades and Downgrades

ACCO has been the topic of several research reports. StockNews.com lowered ACCO Brands from a “buy” rating to a “hold” rating in a research report on Monday. Barrington Research restated an “outperform” rating and issued a $7.50 price target on shares of ACCO Brands in a research report on Thursday, February 29th.

Institutional Investors Weigh In On ACCO Brands

Several large investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in ACCO Brands by 7.7% during the 3rd quarter. Wellington Management Group LLP now owns 5,574,697 shares of the industrial products company’s stock valued at $31,999,000 after purchasing an additional 396,588 shares in the last quarter. Olympiad Research LP purchased a new stake in ACCO Brands during the third quarter valued at about $210,000. Capital Management Corp VA acquired a new position in shares of ACCO Brands in the fourth quarter worth about $3,821,000. Jump Financial LLC increased its position in shares of ACCO Brands by 31.9% in the third quarter. Jump Financial LLC now owns 108,268 shares of the industrial products company’s stock worth $621,000 after acquiring an additional 26,159 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in shares of ACCO Brands during the third quarter valued at approximately $483,000. Institutional investors and hedge funds own 84.56% of the company’s stock.

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.