DGS Capital Management LLC Has $62,000 Stock Position in ACCO Brands Co. (NYSE:ACCO)

DGS Capital Management LLC cut its stake in shares of ACCO Brands Co. (NYSE:ACCO) by 57.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,348 shares of the industrial products company’s stock after selling 15,203 shares during the period. DGS Capital Management LLC’s holdings in ACCO Brands were worth $62,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in ACCO Brands by 4.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,023,805 shares of the industrial products company’s stock worth $32,950,000 after buying an additional 272,454 shares during the last quarter. Wellington Management Group LLP raised its position in shares of ACCO Brands by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,776,716 shares of the industrial products company’s stock valued at $26,129,000 after acquiring an additional 81,990 shares during the period. Capital Management Corp VA boosted its stake in ACCO Brands by 14.3% during the 3rd quarter. Capital Management Corp VA now owns 3,526,095 shares of the industrial products company’s stock worth $19,288,000 after acquiring an additional 439,810 shares during the last quarter. Geode Capital Management LLC grew its holdings in ACCO Brands by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,166,912 shares of the industrial products company’s stock valued at $11,855,000 after purchasing an additional 53,490 shares during the period. Finally, AQR Capital Management LLC increased its stake in ACCO Brands by 34.6% in the second quarter. AQR Capital Management LLC now owns 1,656,925 shares of the industrial products company’s stock valued at $7,788,000 after purchasing an additional 426,201 shares in the last quarter. Institutional investors own 84.56% of the company’s stock.

ACCO Brands Price Performance

NYSE ACCO opened at $5.89 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60. The stock has a market cap of $547.06 million, a price-to-earnings ratio of -3.12, a PEG ratio of 0.48 and a beta of 1.67. The business has a 50 day simple moving average of $5.62 and a 200 day simple moving average of $5.23. ACCO Brands Co. has a 52-week low of $4.36 and a 52-week high of $6.62.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 14.30%. The company had revenue of $420.90 million during the quarter, compared to analysts’ expectations of $418.20 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. Analysts anticipate that ACCO Brands Co. will post 1.04 earnings per share for the current fiscal year.

ACCO Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 15th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 5.09%. The ex-dividend date of this dividend was Friday, November 15th. ACCO Brands’s dividend payout ratio is -15.87%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ACCO shares. StockNews.com raised shares of ACCO Brands from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Barrington Research boosted their target price on ACCO Brands from $7.00 to $7.50 and gave the company an “outperform” rating in a research note on Friday, November 22nd.

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.