Hedge Funds Are Banking On ACCO Brands Corporation (ACCO)

As aggregate interest increased, some big names were breaking ground themselves. McKinley Capital Management established the biggest position in ACCO Brands Corporation (NYSE:ACCO). McKinley Capital Management had $2.7 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also made a $0.2 million investment in the stock during the quarter.

Let’s now take a look at hedge fund activity in other stocks similar to ACCO Brands Corporation (NYSE:ACCO). We will take a look at Green Dot Corporation (NYSE:GDOT), Amplify Snack Brands Inc (NYSE:BETR), Innospec Inc. (NASDAQ:IOSP), and NuStar GP Holdings, LLC (NYSE:NSH). All of these stocks’ market caps are similar to ACCO’s market cap.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $85 million. That figure was $41 million in ACCO’s case. Innospec Inc. (NASDAQ:IOSP) is the most popular stock in this table. On the other hand NuStar GP Holdings, LLC (NYSE:NSH) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks ACCO Brands Corporation (NYSE:ACCO) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None