Advisor Group Inc. Takes $447,000 Position in Acme United Co. (NYSEMKT:ACU)

Advisor Group Inc. acquired a new stake in Acme United Co. (NYSEMKT:ACU) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,617 shares of the company’s stock, valued at approximately $447,000. Advisor Group Inc. owned approximately 0.47% of Acme United as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Royce & Associates LP grew its holdings in shares of Acme United by 63.8% during the 2nd quarter. Royce & Associates LP now owns 129,865 shares of the company’s stock worth $3,714,000 after purchasing an additional 50,600 shares in the last quarter. Cubic Asset Management LLC grew its holdings in shares of Acme United by 15.4% during the 2nd quarter. Cubic Asset Management LLC now owns 17,950 shares of the company’s stock worth $513,000 after purchasing an additional 2,400 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Acme United during the 2nd quarter worth approximately $423,000. Dimensional Fund Advisors LP boosted its stake in Acme United by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 115,056 shares of the company’s stock valued at $3,233,000 after buying an additional 5,703 shares in the last quarter. Finally, Spark Investment Management LLC boosted its stake in Acme United by 58.0% in the 2nd quarter. Spark Investment Management LLC now owns 11,481 shares of the company’s stock valued at $328,000 after buying an additional 4,214 shares in the last quarter.

In related news, CEO Walter C. Johnsen sold 2,104 shares of Acme United stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $27.12, for a total transaction of $57,060.48. Following the completion of the transaction, the chief executive officer now directly owns 307,610 shares of the company’s stock, valued at approximately $8,342,383.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Walter C. Johnsen sold 2,108 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $27.12, for a total transaction of $57,168.96. Following the completion of the sale, the chief executive officer now directly owns 307,610 shares of the company’s stock, valued at $8,342,383.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,662 shares of company stock worth $126,640.

Separately, ValuEngine downgraded Acme United from a “buy” rating to a “hold” rating in a research report on Thursday, September 21st.

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Shares of Acme United Co. (NYSEMKT ACU) opened at 25.085 on Wednesday. The company has a market cap of $84.56 million, a price-to-earnings ratio of 16.613 and a beta of 0.53. The company’s 50-day moving average price is $24.46 and its 200 day moving average price is $26.81. Acme United Co. has a 12-month low of $19.49 and a 12-month high of $29.49.

Acme United (NYSEMKT:ACU) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.25). The business had revenue of $38.85 million for the quarter, compared to analysts’ expectations of $45.20 million. Acme United had a return on equity of 23.79% and a net margin of 7.33%. Equities analysts predict that Acme United Co. will post $1.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 3rd will be issued a $0.11 dividend. The ex-dividend date is Monday, October 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.75%. Acme United’s dividend payout ratio is currently 26.32%.

Acme United Company Profile

Acme United Corporation is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The Company operates in three segments: United States (including Asian operations), Canada and Europe. Its operations in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.

Institutional Ownership by Quarter for Acme United (NYSEMKT:ACU)

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