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

Aristides Capital LLC boosted its position in Acme United Co. (NYSE:ACU) by 4.0% in the 4th quarter, Holdings Channel reports. The fund owned 17,567 shares of the company’s stock after purchasing an additional 670 shares during the period. Aristides Capital LLC’s holdings in Acme United were worth $656,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Royce & Associates LP boosted its holdings in shares of Acme United by 25.0% during the fourth quarter. Royce & Associates LP now owns 169,664 shares of the company’s stock worth $6,334,000 after purchasing an additional 33,952 shares during the last quarter. Capital Management Corp VA boosted its stake in Acme United by 2.9% in the 4th quarter. Capital Management Corp VA now owns 569,849 shares of the company’s stock worth $21,272,000 after buying an additional 16,011 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Acme United by 59.7% in the 4th quarter. Bank of New York Mellon Corp now owns 28,165 shares of the company’s stock worth $1,051,000 after buying an additional 10,531 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Acme United by 15.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 46,487 shares of the company’s stock valued at $1,735,000 after acquiring an additional 6,127 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Acme United during the 3rd quarter worth about $196,000. 62.10% of the stock is currently owned by institutional investors and hedge funds.

Acme United Trading Down 3.4 %

ACU stock opened at $37.83 on Friday. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. The company has a market cap of $142.01 million, a price-to-earnings ratio of 7.74 and a beta of 0.63. The business has a fifty day simple moving average of $38.19 and a 200-day simple moving average of $39.72. Acme United Co. has a 52 week low of $32.85 and a 52 week high of $50.00.

Acme United Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, March 26th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.59%. Acme United’s dividend payout ratio (DPR) is 24.69%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Acme United from a “hold” rating to a “buy” rating in a 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.