Counterpoint Mutual Funds LLC Makes New Investment in ACCO Brands Co. (NYSE:ACCO)

Counterpoint Mutual Funds LLC acquired a new position in ACCO Brands Co. (NYSE:ACCO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 60,958 shares of the industrial products company’s stock, valued at approximately $320,000. Counterpoint Mutual Funds LLC owned about 0.07% of ACCO Brands at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in ACCO Brands by 123.0% in the 3rd quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 3,260 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in ACCO Brands in the 3rd quarter worth approximately $61,000. Y Intercept Hong Kong Ltd bought a new stake in ACCO Brands in the 3rd quarter worth approximately $63,000. Burns Matteson Capital Management LLC bought a new stake in ACCO Brands in the 4th quarter worth approximately $61,000. Finally, Royce & Associates LP bought a new position in shares of ACCO Brands during the 3rd quarter valued at approximately $80,000. Institutional investors own 84.56% of the company’s stock.

Analyst Ratings Changes

ACCO has been the topic of several analyst reports. StockNews.com raised ACCO Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, March 12th. Barrington Research cut their target price on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th.

ACCO Brands Stock Performance

NYSE ACCO opened at $4.57 on Tuesday. The company has a market cap of $424.84 million, a P/E ratio of -4.32, a P/E/G ratio of 0.37 and a beta of 1.74. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60. The business’s 50 day moving average price is $5.01 and its 200-day moving average price is $5.32. ACCO Brands Co. has a fifty-two week low of $4.30 and a fifty-two week high of $6.44.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The business had revenue of $448.10 million during the quarter, compared to the consensus estimate of $455.06 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. Sell-side analysts predict that ACCO Brands Co. will post 1.02 earnings per share for the current year.

ACCO Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 6.56%. The ex-dividend date is Friday, March 14th. ACCO Brands’s dividend payout ratio (DPR) is presently -28.30%.

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.