Capital Management Corp VA Boosts Holdings in Acme United Co. (NYSE:ACU)

Capital Management Corp VA grew its stake in shares of Acme United Co. (NYSE:ACU) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 569,849 shares of the company’s stock after acquiring an additional 16,011 shares during the quarter. Acme United comprises about 3.8% of Capital Management Corp VA’s investment portfolio, making the stock its 5th biggest holding. Capital Management Corp VA owned 15.24% of Acme United worth $21,272,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in Acme United by 13.5% in 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. Barclays PLC purchased a new position in shares of Acme United in the 3rd quarter worth $163,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Acme United in the third quarter worth $196,000. Diamond Hill Capital Management Inc. increased its position in Acme United by 37.3% during the third 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 last quarter. Finally, Bank of New York Mellon Corp lifted 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 acquiring an additional 10,531 shares during the period. 62.10% of the stock is owned by hedge funds and other institutional investors.

Acme United Stock Down 1.4 %

ACU opened at $37.31 on Friday. Acme United Co. has a 1-year low of $32.85 and a 1-year high of $50.00. The firm’s 50 day simple moving average is $36.91 and its two-hundred day simple moving average is $40.27. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $139.58 million, a PE ratio of 7.63 and a beta of 0.70.

Acme United Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Monday, January 6th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, January 6th. Acme United’s dividend payout ratio is presently 24.69%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Acme United from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd.

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.