GSA Capital Partners LLP cut its position in shares of Acco Brands Corp. (NYSE:ACCO) by 70.3% during the second quarter, Holdings Channel reports. The fund owned 41,369 shares of the company’s stock after selling 98,144 shares during the period. GSA Capital Partners LLP’s holdings in Acco Brands Corp. were worth $427,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System raised its position in Acco Brands Corp. by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 123,667 shares of the company’s stock worth $1,277,000 after buying an additional 743 shares during the period. Suntrust Banks Inc. raised its position in Acco Brands Corp. by 1.9% in the second quarter. Suntrust Banks Inc. now owns 53,404 shares of the company’s stock worth $551,000 after buying an additional 971 shares during the period. ClariVest Asset Management LLC raised its position in Acco Brands Corp. by 0.6% in the second quarter. ClariVest Asset Management LLC now owns 364,226 shares of the company’s stock worth $3,762,000 after buying an additional 2,148 shares during the period. Springbok Capital Management LLC raised its position in Acco Brands Corp. by 55.7% in the first quarter. Springbok Capital Management LLC now owns 15,722 shares of the company’s stock worth $141,000 after buying an additional 5,622 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Acco Brands Corp. by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 182,706 shares of the company’s stock worth $1,640,000 after buying an additional 5,729 shares during the period. 94.39% of the stock is owned by institutional investors and hedge funds.

Shares of Acco Brands Corp. (NYSE:ACCO) traded down 0.92% during mid-day trading on Tuesday, reaching $9.65. The company’s stock had a trading volume of 516,054 shares. The firm has a market capitalization of $1.03 billion, a PE ratio of 8.00 and a beta of 2.14. The firm has a 50-day moving average of $10.08 and a 200-day moving average of $9.75. Acco Brands Corp. has a 52 week low of $5.47 and a 52 week high of $11.75.

Acco Brands Corp. (NYSE:ACCO) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Acco Brands Corp. had a return on equity of 14.64% and a net margin of 8.63%. The company had revenue of $410.10 million for the quarter, compared to analyst estimates of $390.75 million. During the same quarter in the prior year, the company posted $0.24 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts forecast that Acco Brands Corp. will post $0.83 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised Acco Brands Corp. from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Thursday, August 4th.

Acco Brands Corp. Company Profile

ACCO Brands Corporation is a manufacturer and marketer of office, school and calendar products, and also computer and electronic accessories. It sells its products to consumers and commercial end users through resellers, including traditional office supply resellers, wholesalers and retailers, including online retailers.

5 Day Chart for NYSE:ACCO

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