Bailard Inc. Buys 8,900 Shares of ACCO Brands Co. (ACCO)

Bailard Inc. grew its stake in shares of ACCO Brands Co. (NYSE:ACCO) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,800 shares of the industrial products company’s stock after acquiring an additional 8,900 shares during the period. Bailard Inc. owned 0.06% of ACCO Brands worth $405,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ACCO. Oppenheimer & Co. Inc. lifted its position in shares of ACCO Brands by 17.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 13,468 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 2,032 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of ACCO Brands during the third quarter worth $119,000. Meeder Asset Management Inc. raised its position in shares of ACCO Brands by 710.7% in the third quarter. Meeder Asset Management Inc. now owns 11,050 shares of the industrial products company’s stock worth $125,000 after buying an additional 9,687 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of ACCO Brands in the third quarter worth $152,000. Finally, First Mercantile Trust Co. raised its position in shares of ACCO Brands by 13.7% in the fourth quarter. First Mercantile Trust Co. now owns 22,519 shares of the industrial products company’s stock worth $153,000 after buying an additional 2,710 shares in the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Shares of ACCO stock opened at $9.01 on Thursday. The company has a current ratio of 1.63, a quick ratio of 1.03 and a debt-to-equity ratio of 1.28. ACCO Brands Co. has a 52-week low of $6.07 and a 52-week high of $14.63. The firm has a market capitalization of $900.00 million, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 0.66 and a beta of 1.80.

ACCO Brands (NYSE:ACCO) last issued its quarterly earnings data on Wednesday, February 13th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.02). ACCO Brands had a return on equity of 17.38% and a net margin of 7.36%. The business had revenue of $529.00 million during the quarter, compared to analysts’ expectations of $553.42 million. During the same quarter last year, the business posted $0.48 EPS. The company’s quarterly revenue was down 6.7% on a year-over-year basis. On average, analysts predict that ACCO Brands Co. will post 1.17 EPS for the current year.

A number of equities research analysts recently issued reports on the company. Barrington Research set a $13.00 price objective on ACCO Brands and gave the stock a “buy” rating in a research report on Monday, November 5th. Zacks Investment Research downgraded ACCO Brands from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, TheStreet downgraded ACCO Brands from a “b-” rating to a “c+” rating in a research report on Friday, November 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. ACCO Brands presently has an average rating of “Hold” and a consensus target price of $15.25.

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ACCO Brands Profile

ACCO Brands Corporation designs, manufactures, and markets, consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, and whiteboards; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; stapling, punching, laminating, binding, and shredding products; do-it-yourself tools; and computer accessories and others, which are primarily used in schools, homes, and businesses.

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Institutional Ownership by Quarter for ACCO Brands (NYSE:ACCO)

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