Easterly Investment Partners LLC Has $950,000 Stock Position in ACCO Brands Co. (NYSE:ACCO)

Easterly Investment Partners LLC trimmed its holdings in shares of ACCO Brands Co. (NYSE:ACCO) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,943 shares of the industrial products company’s stock after selling 41,819 shares during the period. Easterly Investment Partners LLC’s holdings in ACCO Brands were worth $950,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in ACCO Brands by 123.0% during the third quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 3,260 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of ACCO Brands in the 3rd quarter valued at approximately $61,000. Burns Matteson Capital Management LLC bought a new stake in ACCO Brands during the 4th quarter worth $61,000. Y Intercept Hong Kong Ltd bought a new position in shares of ACCO Brands during the third quarter valued at $63,000. Finally, Xponance Inc. acquired a new position in shares of ACCO Brands in the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 84.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ACCO. StockNews.com upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a report on Friday. Barrington Research decreased their target price on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th.

ACCO Brands Price Performance

ACCO stock opened at $4.51 on Friday. The firm has a 50 day simple moving average of $4.90 and a two-hundred day simple moving average of $5.27. ACCO Brands Co. has a one year low of $4.30 and a one year high of $6.44. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. The stock has a market cap of $419.08 million, a PE ratio of -4.26, a P/E/G ratio of 0.37 and a beta of 1.74.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company 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%. On average, analysts predict that ACCO Brands Co. will post 1.02 EPS for the current fiscal year.

ACCO Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 6.65%. The ex-dividend date was Friday, March 14th. ACCO Brands’s dividend payout ratio is presently -28.30%.

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.