Short Interest in ACCO Brands Co. (NYSE:ACCO) Expands By 7.6%

ACCO Brands Co. (NYSE:ACCO) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 2,260,000 shares, a growth of 7.6% from the August 31st total of 2,100,000 shares. Based on an average trading volume of 560,600 shares, the short-interest ratio is currently 4.0 days. Currently, 2.5% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Barrington Research reissued an “outperform” rating and issued a $7.00 target price on shares of ACCO Brands in a report on Wednesday, September 4th. StockNews.com raised shares of ACCO Brands from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th.

ACCO Brands Trading Down 2.0 %

Shares of ACCO stock opened at $5.36 on Wednesday. ACCO Brands has a twelve month low of $4.36 and a twelve month high of $6.62. The stock’s fifty day simple moving average is $5.18 and its 200 day simple moving average is $5.06. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $512.42 million, a P/E ratio of -19.85, a P/E/G ratio of 0.42 and a beta of 1.62.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. ACCO Brands had a positive return on equity of 13.32% and a negative net margin of 10.15%. The company had revenue of $438.30 million for the quarter, compared to analysts’ expectations of $452.73 million. During the same period in the previous year, the business posted $0.38 earnings per share. The business’s quarterly revenue was down 11.3% compared to the same quarter last year. As a group, sell-side analysts predict that ACCO Brands will post 1.04 EPS for the current fiscal year.

ACCO Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Friday, August 16th were issued a dividend of $0.075 per share. The ex-dividend date was Friday, August 16th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.60%. ACCO Brands’s dividend payout ratio (DPR) is presently -111.11%.

Insider Buying and Selling

In other ACCO Brands news, SVP Pamela R. Schneider sold 19,166 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $5.47, for a total transaction of $104,838.02. Following the completion of the transaction, the senior vice president now directly owns 243,899 shares in the company, valued at $1,334,127.53. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.30% of the stock is currently owned by company insiders.

Institutional Trading of ACCO Brands

Institutional investors have recently modified their holdings of the business. Somerset Trust Co bought a new stake in shares of ACCO Brands in the 2nd quarter valued at about $57,000. Innealta Capital LLC acquired a new stake in ACCO Brands during the 1st quarter valued at approximately $65,000. SG Americas Securities LLC bought a new position in ACCO Brands during the 1st quarter worth approximately $71,000. Paloma Partners Management Co acquired a new position in shares of ACCO Brands in the 1st quarter worth approximately $74,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of ACCO Brands by 841.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 16,232 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 14,507 shares during the last quarter. Institutional investors own 84.56% of the company’s stock.

About ACCO Brands

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.