Walleye Capital LLC Takes Position in Acco Brands Corporation $ACCO

Walleye Capital LLC acquired a new position in shares of Acco Brands Corporation (NYSE:ACCO) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 55,899 shares of the industrial products company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Acco Brands by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 6,414,341 shares of the industrial products company’s stock worth $26,876,000 after purchasing an additional 44,537 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Acco Brands by 4.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,378,499 shares of the industrial products company’s stock valued at $27,109,000 after buying an additional 257,608 shares during the period. Capital Management Corp VA grew its holdings in Acco Brands by 27.5% in the 1st quarter. Capital Management Corp VA now owns 4,552,770 shares of the industrial products company’s stock valued at $19,076,000 after buying an additional 980,910 shares during the period. LSV Asset Management grew its holdings in Acco Brands by 4.9% in the 1st quarter. LSV Asset Management now owns 3,243,500 shares of the industrial products company’s stock valued at $13,590,000 after buying an additional 151,300 shares during the period. Finally, American Century Companies Inc. grew its holdings in Acco Brands by 21.7% in the 1st quarter. American Century Companies Inc. now owns 2,517,282 shares of the industrial products company’s stock valued at $10,547,000 after buying an additional 449,358 shares during the period. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ACCO. Wall Street Zen upgraded Acco Brands from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Zacks Research upgraded Acco Brands from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Finally, Barrington Research restated an “outperform” rating and issued a $6.00 price target on shares of Acco Brands in a report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.00.

Acco Brands Stock Performance

NYSE ACCO opened at $4.03 on Friday. The firm has a market capitalization of $362.77 million, a P/E ratio of 8.56, a P/E/G ratio of 0.46 and a beta of 1.44. Acco Brands Corporation has a 1-year low of $3.32 and a 1-year high of $6.43. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.85 and a quick ratio of 1.15. The business’s 50-day simple moving average is $3.84 and its 200-day simple moving average is $3.94.

Acco Brands (NYSE:ACCO) last released its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $394.80 million during the quarter, compared to analyst estimates of $389.81 million. Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. Acco Brands has set its FY 2025 guidance at 0.830-0.900 EPS. Q3 2025 guidance at 0.210-0.240 EPS. Equities analysts predict that Acco Brands Corporation will post 1.02 EPS for the current year.

Acco Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 22nd will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.30 annualized dividend and a yield of 7.5%. Acco Brands’s payout ratio is 63.83%.

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.