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8,598 Shares in Acme United Co. (NYSE:ACU) Purchased by Millennium Management LLC

Acme United logo with Consumer Discretionary background

Millennium Management LLC purchased a new stake in Acme United Co. (NYSE:ACU - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,598 shares of the company's stock, valued at approximately $321,000. Millennium Management LLC owned approximately 0.23% of Acme United at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Acme United by 13.7% in the 4th quarter. Barclays PLC now owns 4,442 shares of the company's stock valued at $165,000 after acquiring an additional 536 shares during the last quarter. Jane Street Group LLC bought a new stake in Acme United during the fourth quarter valued at $228,000. Northern Trust Corp raised its holdings in shares of Acme United by 11.2% during the fourth quarter. Northern Trust Corp now owns 6,846 shares of the company's stock worth $256,000 after purchasing an additional 691 shares during the period. 683 Capital Management LLC bought a new position in shares of Acme United in the 4th quarter worth about $310,000. Finally, HighTower Advisors LLC boosted its holdings in shares of Acme United by 17.2% in the 4th quarter. HighTower Advisors LLC now owns 10,355 shares of the company's stock valued at $387,000 after buying an additional 1,523 shares during the period. 62.10% of the stock is owned by institutional investors and hedge funds.

Acme United Stock Performance

NYSE ACU traded down $1.14 during trading hours on Friday, hitting $37.50. The company had a trading volume of 7,920 shares, compared to its average volume of 13,163. Acme United Co. has a fifty-two week low of $32.85 and a fifty-two week high of $50.00. The firm has a market cap of $142.16 million, a P/E ratio of 7.67 and a beta of 0.65. 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 business has a fifty day simple moving average of $39.46 and a 200-day simple moving average of $38.88.

Acme United (NYSE:ACU - Get Free Report) last posted its earnings results on Thursday, April 17th. The company reported $0.41 earnings per share (EPS) for the quarter. Acme United had a net margin of 10.25% and a return on equity of 9.70%. During the same quarter last year, the business posted $0.39 earnings per share.

Insider Activity

In other Acme United news, COO Brian S. Olschan sold 1,001 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $40.01, for a total transaction of $40,050.01. Following the completion of the transaction, the chief operating officer now directly owns 41,209 shares of the company's stock, valued at approximately $1,648,772.09. This trade represents a 2.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 34.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Acme United from a "hold" rating to a "buy" rating in a report on Friday, May 9th.

View Our Latest Analysis on Acme United

Acme United Company Profile

(Free Report)

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

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