Capital Management Corp VA Grows Position in Acme United Co. (NYSE:ACU)

Capital Management Corp VA raised its stake in shares of Acme United Co. (NYSE:ACU - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 553,838 shares of the company's stock after purchasing an additional 15,385 shares during the period. Acme United accounts for 4.1% of Capital Management Corp VA's portfolio, making the stock its 6th largest holding. Capital Management Corp VA owned 14.99% of Acme United worth $23,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ritholtz Wealth Management grew its holdings in Acme United by 8.9% during the third quarter. Ritholtz Wealth Management now owns 11,258 shares of the company's stock valued at $469,000 after purchasing an additional 917 shares during the last quarter. Marshall Wace LLP lifted its position in Acme United by 68.4% in the second quarter. Marshall Wace LLP now owns 16,526 shares of the company's stock worth $580,000 after purchasing an additional 6,713 shares during the period. Sei Investments Co. bought a new position in Acme United in the second quarter worth $209,000. AE Wealth Management LLC bought a new position in Acme United in the second quarter worth $1,403,000. Finally, Renaissance Technologies LLC lifted its position in Acme United by 0.9% in the second quarter. Renaissance Technologies LLC now owns 130,407 shares of the company's stock worth $4,573,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 62.10% of the company's stock.

Acme United Trading Up 4.3 %

Shares of Acme United stock traded up $1.67 during trading on Tuesday, hitting $40.54. 8,055 shares of the company were exchanged, compared to its average volume of 20,388. The firm has a market capitalization of $149.59 million, a P/E ratio of 8.24 and a beta of 0.66. Acme United Co. has a 1-year low of $30.66 and a 1-year high of $50.99. The firm's fifty day moving average price is $42.07 and its 200 day moving average price is $39.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.79 and a quick ratio of 1.77.

Acme United (NYSE:ACU - Get Free Report) last posted its earnings results on Friday, October 18th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.19). The company had revenue of $48.17 million for the quarter, compared to analyst estimates of $52.40 million. Acme United had a return on equity of 9.85% and a net margin of 10.25%. As a group, sell-side analysts expect that Acme United Co. will post 2.78 earnings per share for the current fiscal year.

Acme United Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Friday, October 4th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Friday, October 4th. Acme United's dividend payout ratio (DPR) is presently 12.27%.

Analyst Ratings Changes

ACU has been the subject of a number of analyst reports. StockNews.com cut Acme United from a "buy" rating to a "hold" rating in a report on Monday, October 21st. Singular Research upgraded Acme United from a "moderate buy" rating to a "strong-buy" rating in a research report on Wednesday, July 24th.

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.