Jane Street Group LLC Boosts Stake in ACCO Brands Co. (NYSE:ACCO)

Jane Street Group LLC raised its position in ACCO Brands Co. (NYSE:ACCO) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 388,845 shares of the industrial products company’s stock after purchasing an additional 15,508 shares during the quarter. Jane Street Group LLC owned 0.42% of ACCO Brands worth $2,041,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DMC Group LLC raised its position in ACCO Brands by 9.5% in the 4th quarter. DMC Group LLC now owns 28,783 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 2,496 shares during the period. Somerset Trust Co raised its position in ACCO Brands by 22.1% in the 4th quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 2,724 shares during the period. Nebula Research & Development LLC raised its position in ACCO Brands by 8.6% in the 4th quarter. Nebula Research & Development LLC now owns 59,572 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 4,732 shares during the period. HighTower Advisors LLC raised its position in ACCO Brands by 7.1% in the 4th quarter. HighTower Advisors LLC now owns 77,190 shares of the industrial products company’s stock worth $405,000 after purchasing an additional 5,148 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in ACCO Brands by 4.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 127,987 shares of the industrial products company’s stock worth $672,000 after purchasing an additional 5,503 shares during the period. 84.56% of the stock is owned by hedge funds and other institutional investors.

ACCO Brands Price Performance

Shares of ACCO stock opened at $3.87 on Friday. 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 company has a market capitalization of $348.68 million, a P/E ratio of -3.65, a P/E/G ratio of 0.37 and a beta of 1.36. The company’s 50-day simple moving average is $3.98 and its two-hundred day simple moving average is $4.90. ACCO Brands Co. has a one year low of $3.41 and a one year high of $6.44.

ACCO Brands (NYSE:ACCO) last issued its earnings results on Thursday, May 1st. The industrial products company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $317.40 million for the quarter, compared to the consensus estimate of $318.75 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. As a group, equities analysts anticipate that ACCO Brands Co. will post 1.02 EPS for the current year.

ACCO Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 7.75%. ACCO Brands’s dividend payout ratio is presently -26.55%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ACCO. StockNews.com raised shares of ACCO Brands from a “hold” rating to a “buy” rating in a research report on Wednesday. Barrington Research dropped their target price on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th.

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.