Fox Run Management L.L.C. Sells 14,259 Shares of ACCO Brands Co. (NYSE:ACCO)

Fox Run Management L.L.C. lessened its holdings in shares of ACCO Brands Co. (NYSE:ACCO) by 55.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,305 shares of the industrial products company’s stock after selling 14,259 shares during the quarter. Fox Run Management L.L.C.’s holdings in ACCO Brands were worth $59,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACCO. FMR LLC raised its holdings 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 purchasing an additional 3,260 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of ACCO Brands during the third quarter valued at about $61,000. Burns Matteson Capital Management LLC bought a new position in ACCO Brands in the fourth quarter worth about $61,000. Y Intercept Hong Kong Ltd purchased a new stake in ACCO Brands in the third quarter worth about $63,000. Finally, Xponance Inc. bought a new stake in ACCO Brands during the 4th quarter valued at approximately $65,000. Hedge funds and other institutional investors own 84.56% of the company’s stock.

ACCO Brands Stock Performance

ACCO opened at $4.38 on Friday. ACCO Brands Co. has a 12-month low of $4.30 and a 12-month high of $6.44. The company’s 50 day moving average is $4.89 and its 200 day moving average is $5.26. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. The company has a market cap of $406.35 million, a price-to-earnings ratio of -4.13, a PEG ratio of 0.37 and a beta of 1.74.

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

ACCO Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend was Friday, March 14th. ACCO Brands’s payout ratio is -28.30%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ACCO. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a research note on Friday. Barrington Research lowered their price objective on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th.

ACCO Brands 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.