Acme United Co. (NYSEAMERICAN:ACU) Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. cut its stake in shares of Acme United Co. (NYSEAMERICAN:ACU – Get Rating) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 397,734 shares of the company’s stock after selling 2,342 shares during the quarter. Acme United comprises about 0.8% of North Star Investment Management Corp.’s investment portfolio, making the stock its 25th largest position. North Star Investment Management Corp. owned approximately 11.25% of Acme United worth $8,710,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ACU. Envestnet Asset Management Inc. acquired a new position in shares of Acme United during the 2nd quarter worth $205,000. Capital Management Corp VA boosted its position in shares of Acme United by 1.0% in the 3rd quarter. Capital Management Corp VA now owns 516,205 shares of the company’s stock worth $11,883,000 after buying an additional 5,175 shares in the last quarter. Glassy Mountain Advisors Inc. purchased a new stake in shares of Acme United in the 4th quarter worth about $88,000. Dimensional Fund Advisors LP boosted its position in shares of Acme United by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 178,953 shares of the company’s stock worth $4,119,000 after buying an additional 1,637 shares in the last quarter. Finally, UBS Group AG purchased a new stake in shares of Acme United in the 3rd quarter worth about $34,000. 60.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Acme United in a research report on Friday. They issued a “hold” rating on the stock.

Acme United Trading Down 3.5 %

NYSEAMERICAN:ACU opened at $23.30 on Friday. The stock has a market cap of $82.48 million, a price-to-earnings ratio of 30.95 and a beta of 0.92. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.01 and a current ratio of 4.77. The company has a 50-day moving average price of $24.07. Acme United Co. has a 12-month low of $21.11 and a 12-month high of $34.91.

Acme United (NYSEAMERICAN:ACU – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported ($0.17) EPS for the quarter. Acme United had a net margin of 1.57% and a return on equity of 3.85%. The company had revenue of $44.10 million for the quarter.

Acme United Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 27th. Investors of record on Friday, January 6th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Thursday, January 5th. Acme United’s dividend payout ratio (DPR) is presently 71.80%.

Acme United Profile

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Acme United Corp. is engaged in the supply of cutting devices, measuring instruments, and safety products for school, home, office, hardware and industrial use. The firm offers its products under the brands Camillus, Clauss, Cuda, DMT Sharpeners, First Aid Only, Med-Nap, Pac-Kit, Physicianscare, Spill Magic, Westcott, Western, and First Aid Central.