Capital Management Corp VA Lowers Stock Position in Acme United Co. $ACU

Key Points

• Capital Management Corp VA reduced its stake in Acme United Co. by 4.4% in Q2, now holding 548,641 shares worth approximately $22.74 million.
• Acme United recently announced a quarterly dividend of $0.16 per share, representing an annualized yield of 1.7%.
• The company's stock has a market capitalization of $145.77 million, with a P/E ratio of 7.85 and a 50-day moving average of $41.44.

Capital Management Corp VA decreased its holdings in Acme United Co. (NYSE:ACU - Free Report) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 548,641 shares of the company's stock after selling 25,430 shares during the quarter. Acme United accounts for approximately 3.9% of Capital Management Corp VA's holdings, making the stock its 5th biggest holding. Capital Management Corp VA owned 14.47% of Acme United worth $22,741,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC bought a new stake in Acme United in the first quarter valued at about $35,000. Envestnet Asset Management Inc. boosted its holdings in Acme United by 11.5% during the first quarter. Envestnet Asset Management Inc. now owns 51,834 shares of the company's stock valued at $2,053,000 after purchasing an additional 5,347 shares in the last quarter. AE Wealth Management LLC acquired a new stake in Acme United during the first quarter valued at approximately $630,000. Diamond Hill Capital Management Inc. grew its stake in shares of Acme United by 39.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 19,569 shares of the company's stock valued at $775,000 after purchasing an additional 5,563 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of Acme United in the 1st quarter worth approximately $208,000. 62.10% of the stock is currently owned by institutional investors and hedge funds.

Acme United Price Performance

Acme United stock opened at $38.37 on Wednesday. The business has a 50 day simple moving average of $41.44 and a 200 day simple moving average of $40.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. The company has a market capitalization of $145.77 million, a PE ratio of 7.85 and a beta of 0.71. Acme United Co. has a one year low of $34.35 and a one year high of $45.42.

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 return on equity of 9.70% and a net margin of 10.25%.

Acme United Dividend Announcement

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

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.

Want to see what other hedge funds are holding ACU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acme United Co. (NYSE:ACU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.