Moors & Cabot Inc. Decreases Stake in Acme United Co. (ACU)

Moors & Cabot Inc. reduced its holdings in shares of Acme United Co. (NYSEMKT:ACU) by 49.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,264 shares of the company’s stock after selling 8,201 shares during the quarter. Moors & Cabot Inc. owned approximately 0.25% of Acme United worth $235,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ACU. Spark Investment Management LLC acquired a new stake in shares of Acme United in the 1st quarter valued at approximately $203,000. Northern Trust Corp acquired a new stake in shares of Acme United in the 2nd quarter valued at approximately $214,000. Neuberger Berman Group LLC acquired a new stake in shares of Acme United in the 2nd quarter valued at approximately $423,000. Advisor Group Inc. acquired a new stake in shares of Acme United in the 2nd quarter valued at approximately $447,000. Finally, Cubic Asset Management LLC boosted its holdings in shares of Acme United by 15.4% in the 2nd quarter. Cubic Asset Management LLC now owns 17,950 shares of the company’s stock valued at $513,000 after buying an additional 2,400 shares during the last quarter.

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In other Acme United news, CEO Walter C. Johnsen sold 2,108 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $27.12, for a total value of $57,168.96. Following the completion of the transaction, the chief executive officer now owns 307,610 shares in the company, valued at approximately $8,342,383.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Walter C. Johnsen sold 2,104 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $27.12, for a total value of $57,060.48. Following the completion of the transaction, the chief executive officer now owns 307,610 shares of the company’s stock, valued at approximately $8,342,383.20. The disclosure for this sale can be found here. Insiders have sold 4,662 shares of company stock valued at $126,640 in the last quarter.

Acme United Co. (NYSEMKT:ACU) remained flat at $24.60 during midday trading on Friday. 51 shares of the company traded hands. Acme United Co. has a 1-year low of $19.49 and a 1-year high of $29.49. The company has a market cap of $82.93 million, a PE ratio of 16.29 and a beta of 0.53. The company’s 50-day moving average is $24.49 and its 200-day moving average is $26.83.

Acme United (NYSEMKT:ACU) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.25). Acme United had a return on equity of 23.79% and a net margin of 7.33%. The company had revenue of $38.85 million for the quarter, compared to the consensus estimate of $45.20 million. On average, analysts predict that Acme United Co. will post $1.75 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 3rd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $0.44 annualized dividend and a yield of 1.79%. Acme United’s dividend payout ratio (DPR) is currently 26.32%.

Separately, ValuEngine raised Acme United from a “hold” rating to a “buy” rating in a report on Monday, October 2nd.

Acme United Profile

Acme United Corporation is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The Company operates in three segments: United States (including Asian operations), Canada and Europe. Its operations in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.

Institutional Ownership by Quarter for Acme United (NYSEMKT:ACU)

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