ACCO Brands Co. (NYSE:ACCO – Get Rating) was the target of a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 1,870,000 shares, a growth of 11.3% from the December 15th total of 1,680,000 shares. Based on an average trading volume of 710,100 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.1% of the shares of the stock are sold short.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. StockNews.com cut ACCO Brands from a “buy” rating to a “hold” rating in a report on Wednesday, November 16th. Barrington Research cut their price target on ACCO Brands from $11.00 to $7.00 in a report on Monday, October 17th.
Insider Buying and Selling at ACCO Brands
In other news, CEO Boris Elisman bought 10,000 shares of ACCO Brands stock in a transaction on Wednesday, November 9th. The stock was acquired at an average price of $5.17 per share, with a total value of $51,700.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,241,530 shares of the company’s stock, valued at $6,418,710.10. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.30% of the company’s stock.
Institutional Inflows and Outflows
ACCO Brands Trading Up 0.3 %
Shares of ACCO Brands stock opened at $6.12 on Tuesday. The firm has a market capitalization of $576.88 million, a price-to-earnings ratio of 32.21, a PEG ratio of 0.44 and a beta of 1.76. ACCO Brands has a fifty-two week low of $4.27 and a fifty-two week high of $9.00. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.96 and a current ratio of 1.82. The stock has a 50 day moving average of $5.69 and a 200 day moving average of $5.77.
ACCO Brands (NYSE:ACCO – Get Rating) last issued its quarterly earnings data on Monday, November 7th. The industrial products company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $485.60 million during the quarter, compared to analyst estimates of $484.78 million. ACCO Brands had a return on equity of 14.54% and a net margin of 1.07%. As a group, research analysts predict that ACCO Brands will post 1.06 earnings per share for the current year.
ACCO Brands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Investors of record on Friday, November 25th were given a $0.075 dividend. The ex-dividend date was Wednesday, November 23rd. This represents a $0.30 annualized dividend and a yield of 4.90%. ACCO Brands’s payout ratio is 157.90%.
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, calendars, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.
- Get a free copy of the StockNews.com research report on ACCO Brands (ACCO)
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