Polar Asset Management Partners Inc. Has $5.25 Million Position in Acme United Co. (NYSE:ACU)

Polar Asset Management Partners Inc. decreased its holdings in Acme United Co. (NYSE:ACU - Free Report) by 21.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,105 shares of the company's stock after selling 33,645 shares during the period. Polar Asset Management Partners Inc. owned about 3.37% of Acme United worth $5,251,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Capital Management Corp VA grew its stake in Acme United by 2.9% in the 3rd quarter. Capital Management Corp VA now owns 553,838 shares of the company's stock valued at $23,062,000 after buying an additional 15,385 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Acme United by 8.1% during the first quarter. Vanguard Group Inc. now owns 142,858 shares of the company's stock worth $6,713,000 after purchasing an additional 10,675 shares during the period. Renaissance Technologies LLC lifted its holdings in Acme United by 0.9% during the 2nd 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 last quarter. Acadian Asset Management LLC boosted its stake in Acme United by 118.3% in the 2nd quarter. Acadian Asset Management LLC now owns 65,224 shares of the company's stock valued at $2,285,000 after purchasing an additional 35,352 shares during the period. Finally, American Century Companies Inc. grew its holdings in Acme United by 53.9% in the 2nd quarter. American Century Companies Inc. now owns 47,933 shares of the company's stock valued at $1,681,000 after buying an additional 16,796 shares in the last quarter. 62.10% of the stock is owned by institutional investors and hedge funds.

Acme United Stock Performance

Shares of NYSE:ACU traded up $0.06 on Thursday, reaching $44.13. 6,658 shares of the company's stock were exchanged, compared to its average volume of 19,991. Acme United Co. has a twelve month low of $32.85 and a twelve month high of $50.99. The company has a fifty day moving average of $42.07 and a 200-day moving average of $40.01. The company has a market capitalization of $165.09 million, a price-to-earnings ratio of 9.02 and a beta of 0.67. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.

Acme United (NYSE:ACU - Get Free Report) last released 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). Acme United had a return on equity of 9.70% and a net margin of 10.25%. The company had revenue of $48.17 million for the quarter, compared to analyst estimates of $52.40 million. On average, research analysts predict that Acme United Co. will post 2.78 EPS for the current fiscal year.

Acme United Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Friday, October 4th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, October 4th. Acme United's dividend payout ratio is presently 12.27%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Acme United from a "buy" rating to a "hold" rating in a report on Monday, October 21st.

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.