11,508 Shares in Acme United Co. $ACU Acquired by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management acquired 11,508 shares of Acme United Co. ($ACU), valued at approximately $477,000, representing about 0.30% ownership.
• Acme United announced a quarterly dividend of $0.16 per share, to be paid on October 23rd, with a 1.7% dividend yield.
• The company reported quarterly earnings of $1.16 per share and has a market cap of $145.20 million with a PE ratio of 7.82.

Ritholtz Wealth Management purchased a new stake in Acme United Co. (NYSE:ACU - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,508 shares of the company's stock, valued at approximately $477,000. Ritholtz Wealth Management owned about 0.30% of Acme United as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Jane Street Group LLC boosted its holdings in shares of Acme United by 61.0% in the 1st quarter. Jane Street Group LLC now owns 9,839 shares of the company's stock valued at $390,000 after purchasing an additional 3,729 shares during the last quarter. Nantahala Capital Management LLC acquired a new position in shares of Acme United in the 1st quarter valued at $809,000. Mink Brook Asset Management LLC boosted its holdings in shares of Acme United by 22.4% in the 1st quarter. Mink Brook Asset Management LLC now owns 320,341 shares of the company's stock valued at $12,689,000 after purchasing an additional 58,729 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Acme United by 2.9% in the 1st quarter. HighTower Advisors LLC now owns 10,659 shares of the company's stock valued at $422,000 after purchasing an additional 304 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Acme United in the 1st quarter valued at $208,000. Institutional investors and hedge funds own 62.10% of the company's stock.

Acme United Stock Up 0.8%

Shares of ACU opened at $38.22 on Monday. The firm has a market cap of $145.20 million, a PE ratio of 7.82 and a beta of 0.71. The company's fifty day moving average is $41.27 and its two-hundred day moving average is $40.60. Acme United Co. has a fifty-two week low of $34.35 and a fifty-two week high of $45.42. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30.

Acme United (NYSE:ACU - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.16 earnings per share for the quarter. Acme United had a net margin of 10.25% and a return on equity of 9.70%.

Acme United Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Friday, October 3rd will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 3rd. Acme United's dividend payout ratio (DPR) is currently 25.40%.

Acme United Company 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.

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