Pacifica Capital Investments LLC Cuts Stake in ACCO Brands Co. (NYSE:ACCO)

Pacifica Capital Investments LLC cut its stake in ACCO Brands Co. (NYSE:ACCO) by 33.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the industrial products company’s stock after selling 5,000 shares during the quarter. ACCO Brands comprises about 0.0% of Pacifica Capital Investments LLC’s investment portfolio, making the stock its 13th biggest position. Pacifica Capital Investments LLC’s holdings in ACCO Brands were worth $53,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Intech Investment Management LLC purchased a new stake in shares of ACCO Brands during the third quarter worth about $98,000. Algert Global LLC increased its position in shares of ACCO Brands by 7.4% during the third quarter. Algert Global LLC now owns 323,538 shares of the industrial products company’s stock worth $1,770,000 after acquiring an additional 22,308 shares during the last quarter. FMR LLC increased its position in shares of 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 acquiring an additional 3,260 shares during the last quarter. HighTower Advisors LLC increased its position in shares of ACCO Brands by 21.0% during the third quarter. HighTower Advisors LLC now owns 72,042 shares of the industrial products company’s stock worth $394,000 after acquiring an additional 12,508 shares during the last quarter. Finally, Quarry LP increased its position in shares of ACCO Brands by 749.0% during the third quarter. Quarry LP now owns 16,573 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 14,621 shares during the last quarter. 84.56% of the stock is owned by hedge funds and other institutional investors.

ACCO Brands Stock Down 4.5 %

NYSE:ACCO opened at $4.36 on Monday. The company has a market capitalization of $404.50 million, a price-to-earnings ratio of -4.11, a price-to-earnings-growth ratio of 0.37 and a beta of 1.74. ACCO Brands Co. has a one year low of $4.30 and a one year high of $6.44. The stock has a 50-day simple moving average of $4.96 and a 200 day simple moving average of $5.29. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60.

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

ACCO Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 6.89%. ACCO Brands’s payout ratio is currently -28.30%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ACCO shares. Barrington Research dropped their target price on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. StockNews.com lowered ACCO Brands from a “buy” rating to a “hold” rating in a research report on Thursday.

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.