Acme United (NYSE:ACU – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.
Separately, Singular Research upgraded Acme United from a “moderate buy” rating to a “strong-buy” rating in a research note on Wednesday, July 24th.
Check Out Our Latest Stock Report on ACU
Acme United Price Performance
Insider Buying and Selling at Acme United
In other Acme United news, COO Brian S. Olschan sold 3,149 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $40.88, for a total value of $128,731.12. Following the transaction, the chief operating officer now directly owns 41,103 shares of the company’s stock, valued at approximately $1,680,290.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 34.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Acme United
Large investors have recently added to or reduced their stakes in the business. Sei Investments Co. purchased a new stake in shares of Acme United in the second quarter worth approximately $209,000. Diamond Hill Capital Management Inc. purchased a new stake in Acme United in the 2nd quarter valued at $291,000. Ritholtz Wealth Management lifted its stake in Acme United by 7.5% during the 2nd quarter. Ritholtz Wealth Management now owns 10,341 shares of the company’s stock valued at $363,000 after acquiring an additional 723 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Acme United by 9.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,958 shares of the company’s stock worth $750,000 after acquiring an additional 1,338 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Acme United by 68.4% in the 2nd quarter. Marshall Wace LLP now owns 16,526 shares of the company’s stock worth $580,000 after acquiring an additional 6,713 shares in the last quarter. Institutional investors own 62.10% of the company’s stock.
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.
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