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

ACCO Brands Co. (NYSE:ACCO) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 2,660,000 shares, a growth of 22.6% from the February 28th total of 2,170,000 shares. Based on an average daily volume of 836,700 shares, the days-to-cover ratio is currently 3.2 days. Currently, 3.0% of the shares of the stock are sold short.

Institutional Trading of ACCO Brands

Large investors have recently modified their holdings of the business. Millennium Management LLC lifted its holdings in ACCO Brands by 127.8% in the 4th quarter. Millennium Management LLC now owns 1,532,460 shares of the industrial products company’s stock worth $8,045,000 after buying an additional 859,787 shares during the period. American Century Companies Inc. boosted its holdings in ACCO Brands by 37.4% in the fourth quarter. American Century Companies Inc. now owns 2,067,924 shares of the industrial products company’s stock valued at $10,857,000 after acquiring an additional 562,985 shares in the last quarter. Alliancebernstein L.P. increased its position in ACCO Brands by 663.4% during the 4th quarter. Alliancebernstein L.P. now owns 410,236 shares of the industrial products company’s stock valued at $2,154,000 after purchasing an additional 356,500 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in ACCO Brands in the 4th quarter worth $1,764,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of ACCO Brands by 135.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 577,039 shares of the industrial products company’s stock worth $3,029,000 after purchasing an additional 331,537 shares during the period. 84.56% of the stock is owned by institutional investors.

ACCO Brands Trading Up 1.3 %

NYSE ACCO traded up $0.06 during trading on Tuesday, hitting $4.25. 951,333 shares of the company’s stock traded hands, compared to its average volume of 664,139. The firm has a market cap of $394.28 million, a P/E ratio of -4.00, a PEG ratio of 0.37 and a beta of 1.74. The stock has a fifty day moving average of $4.84 and a two-hundred day moving average of $5.25. 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 12-month low of $4.06 and a 12-month high of $6.44.

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

ACCO Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 7.07%. The ex-dividend date was Friday, March 14th. ACCO Brands’s dividend payout ratio (DPR) is -28.30%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ACCO. Barrington Research lowered their target price on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. StockNews.com raised ACCO Brands from a “hold” rating to a “buy” rating in a research note on Friday.

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.