ACCO Brands Co. (NYSE:ACCO) Short Interest Up 9.7% in November

ACCO Brands Co. (NYSE:ACCO) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 1,590,000 shares, a growth of 9.7% from the November 15th total of 1,450,000 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 610,600 shares, the short-interest ratio is presently 2.6 days.

Wall Street Analyst Weigh In

ACCO has been the topic of several recent research reports. StockNews.com upgraded shares of ACCO Brands from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 12th. Barrington Research boosted their price target on shares of ACCO Brands from $7.00 to $7.50 and gave the stock an “outperform” rating in a research note on Friday, November 22nd.

ACCO Brands Trading Down 1.2 %

Shares of ACCO stock opened at $5.82 on Tuesday. The stock’s 50 day simple moving average is $5.63 and its two-hundred day simple moving average is $5.23. ACCO Brands has a 1 year low of $4.36 and a 1 year high of $6.62. The company has a market cap of $540.57 million, a PE ratio of -3.08, a price-to-earnings-growth ratio of 0.48 and a beta of 1.67. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. ACCO Brands had a positive return on equity of 14.30% and a negative net margin of 10.64%. The firm had revenue of $420.90 million during the quarter, compared to the consensus estimate of $418.20 million. During the same period in the previous year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. Research analysts predict that ACCO Brands will post 1.04 earnings per share for the current year.

ACCO Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 15th were issued a dividend of $0.075 per share. The ex-dividend date was Friday, November 15th. This represents a $0.30 dividend on an annualized basis and a yield of 5.15%. ACCO Brands’s dividend payout ratio is currently -15.87%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ACCO. FMR LLC raised its position in shares of ACCO Brands by 123.0% in the 3rd 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 during the last quarter. nVerses Capital LLC grew its stake in ACCO Brands by 68.3% during the 3rd quarter. nVerses Capital LLC now owns 6,900 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 2,800 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of ACCO Brands in the third quarter valued at about $61,000. Y Intercept Hong Kong Ltd purchased a new position in shares of ACCO Brands in the third quarter worth about $63,000. Finally, Royce & Associates LP purchased a new stake in ACCO Brands in the third quarter valued at approximately $80,000. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

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.