ACCO Brands Co. (NYSE:ACCO) Short Interest Update

ACCO Brands Co. (NYSE:ACCO) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,890,000 shares, a decrease of 20.9% from the January 31st total of 2,390,000 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 698,300 shares, the short-interest ratio is presently 2.7 days.

Analyst Ratings Changes

Several brokerages have recently issued reports on ACCO. StockNews.com lowered ACCO Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Barrington Research decreased their target price on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th.

Institutional Investors Weigh In On ACCO Brands

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its position in shares of ACCO Brands by 123.0% during the third quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 3,260 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in ACCO Brands in the third quarter worth about $61,000. Burns Matteson Capital Management LLC purchased a new position in ACCO Brands in the fourth quarter worth about $61,000. Y Intercept Hong Kong Ltd purchased a new position in ACCO Brands in the third quarter worth about $63,000. Finally, Xponance Inc. purchased a new position in shares of ACCO Brands during the fourth quarter valued at approximately $65,000. 84.56% of the stock is owned by institutional investors.

ACCO Brands Stock Down 1.5 %

ACCO traded down $0.07 during trading on Tuesday, hitting $4.42. 1,588,198 shares of the company’s stock traded hands, compared to its average volume of 626,584. The company’s 50 day simple moving average is $5.14 and its two-hundred day simple moving average is $5.37. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. ACCO Brands has a 12-month low of $4.30 and a 12-month high of $6.44. The stock has a market capitalization of $410.91 million, a price-to-earnings ratio of -4.17, a PEG ratio of 0.37 and a beta of 1.68.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $448.10 million for the quarter, compared to the consensus estimate of $455.06 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. Analysts predict that ACCO Brands will post 1.02 earnings per share for the current fiscal year.

ACCO Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 6.78%. ACCO Brands’s dividend payout ratio is currently -28.30%.

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.