Acme United (NYSEAMERICAN:ACU) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Acme United (NYSEAMERICAN:ACUGet Rating) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the stock.

Shares of NYSEAMERICAN ACU opened at $32.95 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 4.84 and a quick ratio of 2.29. The company has a market cap of $116.02 million, a PE ratio of 9.75 and a beta of 1.08. The firm’s fifty day moving average is $33.08. Acme United has a 12-month low of $29.82 and a 12-month high of $46.19.

Acme United (NYSEAMERICAN:ACUGet Rating) last announced its earnings results on Friday, April 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.43). The company had revenue of $43.33 million for the quarter. Acme United had a net margin of 7.54% and a return on equity of 19.21%.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 22nd. Stockholders of record on Friday, April 1st were given a $0.13 dividend. The ex-dividend date was Thursday, March 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.58%. Acme United’s payout ratio is 15.38%.

Several institutional investors have recently bought and sold shares of ACU. Capital Management Corp VA boosted its position in shares of Acme United by 5.4% in the 4th quarter. Capital Management Corp VA now owns 465,180 shares of the company’s stock worth $15,677,000 after purchasing an additional 23,995 shares in the last quarter. Ridgewood Investments LLC raised its stake in Acme United by 94.5% in the 4th quarter. Ridgewood Investments LLC now owns 22,999 shares of the company’s stock worth $775,000 after acquiring an additional 11,174 shares during the last quarter. Renaissance Technologies LLC raised its stake in Acme United by 4.3% in the 3rd quarter. Renaissance Technologies LLC now owns 187,695 shares of the company’s stock worth $6,145,000 after acquiring an additional 7,800 shares during the last quarter. North Star Investment Management Corp. raised its stake in Acme United by 1.4% in the 4th quarter. North Star Investment Management Corp. now owns 400,017 shares of the company’s stock worth $13,481,000 after acquiring an additional 5,516 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Acme United by 443.2% in the 3rd quarter. BlackRock Inc. now owns 6,545 shares of the company’s stock worth $214,000 after acquiring an additional 5,340 shares during the last quarter. 59.98% of the stock is owned by hedge funds and other institutional investors.

About Acme United (Get Rating)

Acme United Corporation supplies first aid and safety, cutting, sharpening, and measuring 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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