Acme United Co. (NYSE:ACU) Shares Bought by Capital Management Corp VA

Capital Management Corp VA grew its holdings in Acme United Co. (NYSE:ACU - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 569,849 shares of the company's stock after purchasing an additional 16,011 shares during the quarter. Acme United comprises 3.8% of Capital Management Corp VA's portfolio, making the stock its 5th biggest holding. Capital Management Corp VA owned approximately 15.24% of Acme United worth $21,272,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in shares of Acme United by 59.7% in the fourth quarter. Bank of New York Mellon Corp now owns 28,165 shares of the company's stock valued at $1,051,000 after acquiring an additional 10,531 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Acme United during the 3rd quarter valued at $196,000. Barclays PLC bought a new stake in Acme United in the 3rd quarter valued at $163,000. HighTower Advisors LLC raised its position in shares of Acme United by 13.5% during the third quarter. HighTower Advisors LLC now owns 8,832 shares of the company's stock valued at $364,000 after buying an additional 1,048 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of Acme United by 37.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 11,400 shares of the company's stock valued at $475,000 after buying an additional 3,100 shares during the period. 62.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Acme United from a "buy" rating to a "hold" rating in a research report on Tuesday.

Remove Ads

Acme United Price Performance

NYSE ACU traded up $0.90 on Wednesday, reaching $37.90. The company's stock had a trading volume of 8,871 shares, compared to its average volume of 7,189. Acme United Co. has a 52 week low of $32.85 and a 52 week high of $50.00. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The firm has a market cap of $141.78 million, a PE ratio of 7.75 and a beta of 0.70. The business has a 50-day moving average price of $36.92 and a 200 day moving average price of $40.12.

Acme United Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Monday, January 6th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Monday, January 6th. Acme United's dividend payout ratio (DPR) is 24.69%.

About Acme United

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.