ACCO Brands Co. (NYSE:ACCO) Short Interest Down 20.9% in February

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barrington Research lowered their target price on 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 downgraded shares of ACCO Brands from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th.

Institutional Investors Weigh In On ACCO Brands

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of ACCO Brands by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 6,369,804 shares of the industrial products company's stock worth $33,441,000 after buying an additional 106,256 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in ACCO Brands by 1.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,120,891 shares of the industrial products company's stock worth $31,767,000 after purchasing an additional 97,086 shares during the last quarter. Wellington Management Group LLP boosted its position in ACCO Brands by 1.7% during the third quarter. Wellington Management Group LLP now owns 4,776,716 shares of the industrial products company's stock worth $26,129,000 after purchasing an additional 81,990 shares during the period. Capital Management Corp VA grew its holdings in ACCO Brands by 1.3% during the fourth quarter. Capital Management Corp VA now owns 3,571,860 shares of the industrial products company's stock valued at $18,752,000 after purchasing an additional 45,765 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in ACCO Brands by 2.5% during the third quarter. Geode Capital Management LLC now owns 2,166,912 shares of the industrial products company's stock valued at $11,855,000 after purchasing an additional 53,490 shares during the last quarter. 84.56% of the stock is currently owned by institutional investors.

ACCO Brands Stock Up 1.7 %

Shares of NYSE:ACCO traded up $0.08 during midday trading on Thursday, hitting $4.52. 919,470 shares of the stock were exchanged, compared to its average volume of 628,766. The company has a market capitalization of $419.54 million, a PE ratio of -4.26, a P/E/G ratio of 0.37 and a beta of 1.68. ACCO Brands has a 52-week low of $4.30 and a 52-week high of $6.44. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60. The business's fifty day simple moving average is $5.10 and its two-hundred day simple moving average is $5.36.

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

ACCO Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Friday, March 14th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 6.64%. The ex-dividend date of this dividend is Friday, March 14th. ACCO Brands's payout ratio is presently -28.30%.

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.