Royce & Associates LP Grows Stock Position in Acme United Co. (NYSE:ACU)

Royce & Associates LP lifted its holdings in Acme United Co. (NYSE:ACU - Free Report) by 25.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,664 shares of the company's stock after buying an additional 33,952 shares during the quarter. Royce & Associates LP owned approximately 4.54% of Acme United worth $6,334,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Diamond Hill Capital Management Inc. boosted its holdings in Acme United by 22.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,006 shares of the company's stock worth $523,000 after acquiring an additional 2,606 shares in the last quarter. HighTower Advisors LLC boosted its stake in Acme United by 17.2% in the 4th quarter. HighTower Advisors LLC now owns 10,355 shares of the company's stock worth $387,000 after purchasing an additional 1,523 shares in the last quarter. Capital Management Corp VA raised its holdings in Acme United by 2.9% in the fourth quarter. Capital Management Corp VA now owns 569,849 shares of the company's stock worth $21,272,000 after buying an additional 16,011 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Acme United by 59.7% during 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 buying an additional 10,531 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Acme United during the third quarter valued at approximately $196,000. 62.10% of the stock is currently owned by institutional investors.

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Acme United Stock Performance

NYSE ACU traded down $0.58 during trading hours on Friday, hitting $39.92. The company's stock had a trading volume of 10,754 shares, compared to its average volume of 15,539. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. The company has a market cap of $149.86 million, a P/E ratio of 8.16 and a beta of 0.70. The company's 50 day simple moving average is $37.51 and its two-hundred day simple moving average is $39.95. Acme United Co. has a 12 month low of $32.85 and a 12 month high of $50.00.

Acme United Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, March 26th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.60 dividend on an annualized basis and a yield of 1.50%. Acme United's dividend payout ratio (DPR) is 24.69%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Acme United from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th.

Acme United Profile

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.