Acme United (NYSE:ACU) Trading Down 0.3% - Here's What Happened

Key Points

• Acme United (NYSE:ACU) slipped 0.3% to $44.79, with about 13,707 shares traded—roughly in line with its average daily volume.
• The company declared a quarterly dividend of $0.16 (annualized $0.64, yield 1.4%), with an ex-dividend and record date of March 25 and payment scheduled for April 15.
• Key fundamentals: market cap of $170.6M, PE of 9.16, strong liquidity (current ratio 4.41, quick ratio 1.91) and low leverage (debt/equity 0.30); institutional investors own about 62.1%, with recent stake increases by Mink Brook and Geode.

Acme United Co. (NYSE:ACU - Get Free Report)'s stock price dropped 0.3% on Thursday . The stock traded as low as $44.05 and last traded at $44.79. Approximately 13,707 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 13,718 shares. The stock had previously closed at $44.92.

Acme United Stock Performance

The business's fifty day moving average is $43.87 and its 200-day moving average is $41.06. 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 $170.56 million, a PE ratio of 9.16 and a beta of 0.71.

Acme United Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, March 25th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, March 25th. Acme United's dividend payout ratio (DPR) is currently 25.70%.

Institutional Trading of Acme United

Several hedge funds have recently bought and sold shares of ACU. Mink Brook Asset Management LLC raised its stake in shares of Acme United by 18.3% in the second quarter. Mink Brook Asset Management LLC now owns 378,942 shares of the company's stock worth $15,707,000 after buying an additional 58,601 shares during the period. Geode Capital Management LLC grew its stake in shares of Acme United by 116.6% during the 2nd quarter. Geode Capital Management LLC now owns 75,267 shares of the company's stock valued at $3,120,000 after acquiring an additional 40,524 shares during the period. Indivisible Partners bought a new position in shares of Acme United during the 4th quarter valued at approximately $562,000. Advyzon Investment Management LLC purchased a new stake in Acme United in the 4th quarter worth approximately $503,000. Finally, Teton Advisors LLC bought a new stake in Acme United during the 3rd quarter worth approximately $412,000. Institutional investors own 62.10% of the company's stock.

About Acme United

Acme United Corporation is a diversified manufacturer and marketer of cutting, measuring and safety products designed for consumer, professional and industrial end markets. The company's product portfolio spans shears, scissors, cutters, rulers, pencil sharpeners, first aid kits and medical products, as well as fishing knives, survival tools and related accessories. Acme United serves a wide range of end‐use channels, including office supply, school, hardware, mass merchandise and sporting goods retail.

Founded in the 19th century and headquartered in Shelton, Connecticut, Acme United operates through a collection of well‐established brands.

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