Acme United Co. (NYSE:ACU) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its position in shares of Acme United Co. (NYSE:ACU) by 7.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,341 shares of the company’s stock after purchasing an additional 723 shares during the quarter. Ritholtz Wealth Management owned 0.28% of Acme United worth $363,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Acme United by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 142,858 shares of the company’s stock valued at $6,713,000 after buying an additional 10,675 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Acme United by 117.3% during the first quarter. Acadian Asset Management LLC now owns 29,872 shares of the company’s stock valued at $1,400,000 after purchasing an additional 16,128 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Acme United by 71.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 26,755 shares of the company’s stock valued at $1,257,000 after purchasing an additional 11,113 shares during the period. Ridgewood Investments LLC increased its stake in shares of Acme United by 4.4% during the second quarter. Ridgewood Investments LLC now owns 23,735 shares of the company’s stock worth $832,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of 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 purchasing an additional 1,338 shares during the last quarter. 62.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ACU has been the subject of a number of research analyst reports. Singular Research raised Acme United from a “moderate buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. StockNews.com raised Acme United from a “hold” rating to a “buy” rating in a research note on Saturday, July 20th.

Acme United Stock Up 0.3 %

Shares of NYSE ACU opened at $43.43 on Friday. The stock has a market cap of $159.04 million, a PE ratio of 9.05 and a beta of 0.65. The company has a current ratio of 3.79, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. Acme United Co. has a 12-month low of $25.62 and a 12-month high of $50.99. The company has a 50-day moving average of $39.65 and a 200 day moving average of $40.42.

Acme United (NYSE:ACU) last issued its earnings results on Friday, July 19th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.15. Acme United had a return on equity of 10.14% and a net margin of 10.09%. The business had revenue of $55.43 million for the quarter, compared to analysts’ expectations of $56.50 million. As a group, sell-side analysts predict that Acme United Co. will post 2.78 EPS for the current fiscal year.

Acme United Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 2nd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Tuesday, July 2nd. Acme United’s dividend payout ratio (DPR) is presently 12.50%.

Insider Transactions at Acme United

In related news, COO Brian S. Olschan sold 3,149 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $40.88, for a total value of $128,731.12. Following the completion of the sale, the chief operating officer now owns 41,103 shares of the company’s stock, valued at $1,680,290.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 34.10% of the company’s stock.

Acme United Company 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.