Nantahala Capital Management LLC Purchases New Shares in Acme United Co. $ACU

Key Points

• Nantahala Capital Management acquired 20,427 shares of Acme United, valued at approximately $975,000, representing about 0.54% of the company. Other institutions, including BlackRock and Bard Associates, also established new positions, bringing institutional ownership to 62.1%.
• Acme United directors sold shares recently, and insiders have sold 25,722 shares worth approximately $1.5 million over the past 90 days. Insiders retain a 29.5% ownership stake.
• ACU shares opened at $63.06, near their 52-week high of $64.12, with a market capitalization of about $240 million. The company pays a quarterly dividend of $0.16, equal to a 1.0% annualized yield.

Nantahala Capital Management LLC acquired a new stake in Acme United Co. (NYSE:ACU - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,427 shares of the company's stock, valued at approximately $974,776. Nantahala Capital Management LLC owned approximately 0.54% of Acme United at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ACU. Empowered Funds LLC acquired a new stake in shares of Acme United during the second quarter worth $257,000. Manatuck Hill Partners LLC acquired a new position in shares of Acme United in the second quarter valued at about $379,000. Bard Associates Inc. acquired a new position in shares of Acme United in the second quarter valued at about $5,163,000. CM Wealth Advisors LLC bought a new position in Acme United during the second quarter worth about $465,000. Finally, BlackRock Inc. bought a new position in Acme United during the second quarter worth about $8,578,000. Institutional investors own 62.10% of the company's stock.

Insider Activity at Acme United

In related news, Director Rex Lynn Davidson sold 3,684 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $56.48, for a total transaction of $208,072.32. Following the sale, the director owned 6,228 shares of the company's stock, valued at $351,757.44. This represents a 37.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian Barker sold 3,821 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $60.50, for a total value of $231,170.50. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 25,722 shares of company stock worth $1,504,987. Company insiders own 29.50% of the company's stock.

Acme United Price Performance

Shares of Acme United stock opened at $63.06 on Friday. Acme United Co. has a twelve month low of $35.50 and a twelve month high of $64.12. 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 50-day simple moving average of $53.60 and a two-hundred day simple moving average of $47.18. The stock has a market capitalization of $240.26 million, a price-to-earnings ratio of 12.90 and a beta of 0.47.

Acme United Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, July 2nd. Acme United's payout ratio is presently 26.89%.

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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