Tudor Investment Corp ET AL lessened its stake in shares of Acco Brands Corporation (NYSE:ACCO) by 17.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,928 shares of the industrial products company’s stock after selling 14,096 shares during the quarter. Tudor Investment Corp ET AL owned about 0.06% of Acco Brands Corporation worth $803,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. New York State Teachers Retirement System increased its stake in shares of Acco Brands Corporation by 1.1% during the first quarter. New York State Teachers Retirement System now owns 9,400 shares of the industrial products company’s stock valued at $124,000 after acquiring an additional 100 shares during the period. Suntrust Banks Inc. grew its position in Acco Brands Corporation by 0.6% in the second quarter. Suntrust Banks Inc. now owns 53,422 shares of the industrial products company’s stock worth $622,000 after buying an additional 313 shares during the last quarter. Amalgamated Bank grew its position in Acco Brands Corporation by 2.6% in the second quarter. Amalgamated Bank now owns 13,703 shares of the industrial products company’s stock worth $160,000 after buying an additional 349 shares during the last quarter. Virginia Retirement Systems ET AL grew its position in Acco Brands Corporation by 4.0% in the second quarter. Virginia Retirement Systems ET AL now owns 10,500 shares of the industrial products company’s stock worth $122,000 after buying an additional 400 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Acco Brands Corporation by 8.3% in the first quarter. Victory Capital Management Inc. now owns 8,125 shares of the industrial products company’s stock worth $107,000 after buying an additional 625 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

In related news, insider Gregory J. Mccormack sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $10.95, for a total transaction of $273,750.00. Following the completion of the sale, the insider now directly owns 63,889 shares of the company’s stock, valued at $699,584.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Neal V. Fenwick purchased 12,313 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $10.60 per share, with a total value of $130,517.80. Following the completion of the purchase, the vice president now owns 423,311 shares of the company’s stock, valued at $4,487,096.60. The disclosure for this purchase can be found here. Insiders own 4.50% of the company’s stock.

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Acco Brands Corporation (NYSE ACCO) opened at 12.65 on Friday. Acco Brands Corporation has a 52-week low of $9.06 and a 52-week high of $14.75. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 25.20 and a beta of 1.40. The firm has a 50-day moving average of $11.44 and a 200 day moving average of $12.01.

Acco Brands Corporation (NYSE:ACCO) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The business had revenue of $490.00 million during the quarter, compared to the consensus estimate of $497.17 million. Acco Brands Corporation had a net margin of 3.25% and a return on equity of 15.03%. Acco Brands Corporation’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 earnings per share. On average, equities research analysts forecast that Acco Brands Corporation will post $1.10 earnings per share for the current year.

Several research firms have issued reports on ACCO. BidaskClub lowered shares of Acco Brands Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. ValuEngine upgraded shares of Acco Brands Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. BWS Financial restated a “buy” rating and issued a $18.00 price target on shares of Acco Brands Corporation in a research report on Tuesday, July 4th. Finally, Zacks Investment Research upgraded shares of Acco Brands Corporation from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday.

About Acco Brands Corporation

ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.

Institutional Ownership by Quarter for Acco Brands Corporation (NYSE:ACCO)

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