Aristides Capital LLC Increases Position in Acme United Co. (NYSE:ACU)

Aristides Capital LLC increased its stake in shares of Acme United Co. (NYSE:ACU) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,567 shares of the company’s stock after buying an additional 670 shares during the period. Aristides Capital LLC owned about 0.47% of Acme United worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ACU. Barclays PLC acquired a new stake in shares of Acme United during the 3rd quarter valued at approximately $163,000. Wilmington Savings Fund Society FSB acquired a new position in Acme United during the third quarter worth $196,000. HighTower Advisors LLC raised its holdings in Acme United by 13.5% during the third quarter. HighTower Advisors LLC now owns 8,832 shares of the company’s stock worth $364,000 after purchasing an additional 1,048 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Acme United by 22.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 14,006 shares of the company’s stock valued at $523,000 after purchasing an additional 2,606 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Acme United by 59.7% in the fourth quarter. Bank of New York Mellon Corp now owns 28,165 shares of the company’s stock valued at $1,051,000 after purchasing an additional 10,531 shares during the last quarter. Hedge funds and other institutional investors own 62.10% of the company’s stock.

Acme United Stock Down 3.4 %

ACU stock opened at $37.83 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. Acme United Co. has a 12 month low of $32.85 and a 12 month high of $50.00. The firm has a market capitalization of $142.01 million, a PE ratio of 7.74 and a beta of 0.63. The company’s 50 day simple moving average is $38.19 and its 200-day simple moving average is $39.72.

Acme United Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.59%. The ex-dividend date is Wednesday, March 26th. Acme United’s payout ratio is 24.69%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Acme United from a “hold” rating to a “buy” rating in a research report on Saturday, March 29th.

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.