Today Acco Brands Corporation (NYSE:ACCO) Reported Decrease in Shorted Shares

Bowling Portfolio Management LLC now owns 62,875 shares of the industrial products company's stock worth $827,000 after buying an additional 1,494 shares during the period. Legal & General Group Plc's holdings in Acco Brands Corporation were worth $331,000 as of its most recent SEC filing.

Several large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in shares of Acco Brands Corporation by 8.3% in the first quarter. Shares are trading at $10.90 which is significantly lower than $11.58, the 50 day moving average and quite a bit below the 200 day moving average of $12.49. Benjamin F. Edwards & Company Inc. boosted its position in Acco Brands Corporation by 45.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,435 shares of the industrial products company's stock worth $111,000 after buying an additional 2,617 shares during the last quarter. The legal version of this news story can be read at https://www.baseball-news-blog.com/2017/08/12/eqis-capital-management-inc-has-186000-position-in-acco-brands-corporation-acco-updated.html. Dimensional Fund Advisors LP increased its stake in Acco Brands Corporation by 1.2% in the second quarter. JPMorgan Chase & Co. now owns 7,126,210 shares of the industrial products company's stock valued at $83,019,000 after buying an additional 89,746 shares during the last quarter. Finally, BWS Financial reiterated a buy rating and set a $18.00 price objective on shares of Acco Brands Corporation in a report on Thursday, April 6th.

Shares of Acco Brands Corporation (NYSE:ACCO) opened at 11.175 on Tuesday. The 50 day moving average was down $-0.68 or -5.91% and the 200 day average was down $-1.59. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 22.261 and a beta of 1.30.

Acco Brands Corporation (NYSE:ACCO) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.04.

Net profit margin of the company is seen at 3.30%. The business had revenue of $490 million for the quarter, compared to the consensus estimate of $497.17 million. During the same period in the previous year, the company earned $0.25 earnings per share. The value of the investment in ACCO went from $7,958,000 to $4,878,000 a change of $3,080,000 since the last quarter. On average, analysts predict that Acco Brands Corporation will post $1.10 EPS for the current fiscal year.

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BidaskClub upgraded shares of Acco Brands Corporation (NYSE:ACCO) from a strong sell rating to a sell rating in a report issued on Tuesday morning. ValuEngine dropped Acco Brands Corporation from a buy recommendation to a hold recommendation in a study report on early Tue, Jul 25th.

Media headlines about Acco Brands Corporation (NYSE:ACCO) have trended somewhat positive recently, Accern Sentiment Analysis reports. Also, VP Neal V. Fenwick bought 12,313 shares of the company's stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $10.60 per share, for a total transaction of $130,517.80. Company insiders own 4.50% of the company's stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

In other news, SVP Kathy D. Schnaedter sold 68,653 shares of the stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $11.26, for a total transaction of $773,032.78. Following the sale, the senior vice president now directly owns 68,655 shares in the company, valued at approximately $773,055.30. The disclosure for this purchase can be found here.

ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products.

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