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

ACCO Brands Co. (NYSE:ACCO) saw 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. Currently, 1.8% of the shares of the company are short sold. Based on an average daily volume of 610,600 shares, the short-interest ratio is presently 2.6 days.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barrington Research lifted their price objective on shares of ACCO Brands from $7.00 to $7.50 and gave the company an “outperform” rating in a report on Friday, November 22nd. StockNews.com raised ACCO Brands from a “buy” rating to a “strong-buy” rating in a research report on Thursday.

ACCO Brands Stock Performance

Shares of ACCO stock traded down $0.15 on Friday, hitting $5.89. 450,971 shares of the stock traded hands, compared to its average volume of 628,860. The company has a market capitalization of $547.06 million, a PE ratio of -3.12, a PEG ratio of 0.48 and a beta of 1.67. The company’s fifty day moving average is $5.62 and its 200 day moving average is $5.23. 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 has a 1-year low of $4.36 and a 1-year high of $6.62.

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, hitting 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 business had revenue of $420.90 million during the quarter, compared to analyst estimates of $418.20 million. During the same period last year, the company posted $0.24 EPS. The company’s revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts predict that ACCO Brands will post 1.04 earnings per share for the current fiscal year.

ACCO Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 15th were given a $0.075 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.30 annualized dividend and a yield of 5.09%. ACCO Brands’s dividend payout ratio (DPR) is currently -15.87%.

Institutional Trading of ACCO Brands

Several large investors have recently added to or reduced their stakes in ACCO. FMR LLC lifted its holdings in shares of ACCO Brands by 123.0% during 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 in the last quarter. nVerses Capital LLC raised its position in ACCO Brands by 68.3% during the third 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 in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of ACCO Brands during the third quarter worth $61,000. Y Intercept Hong Kong Ltd bought a new stake in ACCO Brands during the 3rd quarter worth approximately $63,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of ACCO Brands by 841.0% in the second quarter. Nisa Investment Advisors LLC now owns 16,232 shares of the industrial products company’s stock valued at $76,000 after buying an additional 14,507 shares during the period. 84.56% of the stock is owned by 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.