Acme United Co. (NYSE:ACU) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. reduced its holdings in Acme United Co. (NYSE:ACU) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,000 shares of the company’s stock after selling 4,000 shares during the quarter. Teton Advisors Inc. owned approximately 1.42% of Acme United worth $2,186,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management acquired a new position in shares of Acme United during the 4th quarter valued at about $223,000. Moors & Cabot Inc. acquired a new position in Acme United during the third quarter worth approximately $239,000. O Shaughnessy Asset Management LLC purchased a new position in Acme United during the third quarter worth approximately $277,000. Diamond Hill Capital Management Inc. boosted its holdings in shares of Acme United by 21.7% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 11,000 shares of the company’s stock valued at $329,000 after purchasing an additional 1,959 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Acme United during the 3rd quarter valued at $371,000. 62.10% of the stock is currently owned by hedge funds and other institutional investors.

Acme United Trading Down 0.6 %

NYSE ACU traded down $0.25 during mid-day trading on Monday, hitting $40.85. The company’s stock had a trading volume of 22,811 shares, compared to its average volume of 23,988. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.54 and a quick ratio of 1.41. Acme United Co. has a 52-week low of $23.24 and a 52-week high of $50.99. The stock’s fifty day simple moving average is $43.39 and its two-hundred day simple moving average is $41.36. The firm has a market capitalization of $149.10 million, a P/E ratio of 8.51 and a beta of 0.74.

Acme United (NYSE:ACU) last issued its earnings results on Friday, April 19th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $44.96 million for the quarter, compared to the consensus estimate of $48.50 million. Acme United had a net margin of 9.67% and a return on equity of 9.87%. Research analysts expect that Acme United Co. will post 2.53 EPS for the current year.

Acme United Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Wednesday, March 27th. Acme United’s dividend payout ratio is presently 12.50%.

Wall Street Analyst Weigh In

ACU has been the topic of several research reports. StockNews.com lowered Acme United from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. TheStreet upgraded Acme United from a “c+” rating to a “b” rating in a report on Wednesday, February 14th.

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.