Bard Associates Inc. Sells 1,930 Shares of Acme United Co. (NYSE:ACU)

Bard Associates Inc. decreased its stake in shares of Acme United Co. (NYSE:ACU) by 1.6% during the fourth quarter, Holdings Channel reports. The firm owned 117,567 shares of the company’s stock after selling 1,930 shares during the quarter. Acme United comprises about 1.5% of Bard Associates Inc.’s holdings, making the stock its 16th biggest position. Bard Associates Inc.’s holdings in Acme United were worth $4,389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ACU. Capital Management Corp VA increased its position in shares of Acme United by 2.9% during the 3rd quarter. Capital Management Corp VA now owns 553,838 shares of the company’s stock valued at $23,062,000 after purchasing an additional 15,385 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Acme United by 59.7% during 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 buying an additional 10,531 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Acme United in the third quarter worth approximately $196,000. Barclays PLC purchased a new position in shares of Acme United during the 3rd quarter worth $163,000. Finally, Diamond Hill Capital Management Inc. grew its position in shares of Acme United by 37.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 11,400 shares of the company’s stock valued at $475,000 after acquiring an additional 3,100 shares during the period. Hedge funds and other institutional investors own 62.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Acme United from a “hold” rating to a “buy” rating in a report on Monday.

Acme United Trading Down 4.3 %

Shares of NYSE:ACU opened at $37.40 on Tuesday. The stock has a 50 day moving average of $36.87 and a 200 day moving average of $40.33. The company has a market cap of $139.91 million, a PE ratio of 7.65 and a beta of 0.70. Acme United Co. has a 12-month low of $32.85 and a 12-month high of $50.00. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.

Acme United Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Monday, January 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $0.60 annualized dividend and a dividend yield of 1.60%. Acme United’s payout ratio is 24.69%.

About Acme United

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.