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Chairman and CEO of ACCO Brands Corporation Robert J. Keller Buys 22,320 Shares
Posted by: GuruFocus (IP Logged)
Date: August 17, 2012 10:03AM
Chairman and CEO of ACCO Brands Corporation (ACCO) Robert J. Keller bought 22,320 shares on 08/15/2012 at an average price of $6.54. The total transaction amount is $145,973. ACCO Brands Corporation is a world leader in branded office products. ACCO Brands Corporation has a market cap of $826.3 million; its shares were traded at around $7.2 with a P/E ratio of 9.9 and P/S ratio of 0.6.
Aside from CEO Robert Keller, CFO and Executive Vice President Neal Fenwick also recently increased his positions in the company, purchasing a total of 33,570 shares from early May to early August of 2012. Additionally, other insiders, including President and COO Boris Elisman, also increased their positions in the company.
Aside from his work at ACCO Brands, Mr. Robert J. Keller has been the CEO and President of Escalade Inc., since Aug. 1, 2007. Mr. Keller also serves as the CEO, President and Director at Escalade Sports Inc. He served as president and CEO at APAC Customer Services Inc. from March 15, 2004 to February 18, 2008.
ACCO has an average annual five-year revenue growth of -9.6%. Earnings per share were positive for three out of the last six years. ACCO holds $121 million in cash and owes $669 million in long-term debt and an additional $204 million in other long-term liabilities. The company bought back $200,000 worth of shares in 2011.
Several gurus hold positions in ACCO. Joel Greenblatt bought 147,880 shares in the quarter that ended on 06/30/2012, which is 0.11% of the $1.36 billion portfolio of Gotham Capital. John Keeley owns 1,445,000 shares as of 06/30/2012, an increase of 140.83% from the previous quarter. This position accounts for 0.34% of the $4.44 billion portfolio of Keeley Fund Management. Mario Gabelli owns 219,161 shares as of 06/30/2012, which accounts for 0.017% of the $13.31 billion portfolio of GAMCO Investors.
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