North Star Investment Management Corp. Sells 22,731 Shares of Acme United Co. $ACU

Key Points

• North Star Investment Management Corp. sold 22,731 shares of Acme United Co., decreasing its holdings by 8.1% during the 2nd quarter, with Acme United now representing about 0.7% of their portfolio.
• Acme United declared a quarterly dividend of $0.16 per share, set to be paid on October 23rd, reflecting an annual yield of 1.5% and a payout ratio of 25.40%.
• Acme United's stock rose by 1.5%, with current trading at $41.64, against a one-year range of $34.35 to $45.42.

North Star Investment Management Corp. decreased its holdings in shares of Acme United Co. (NYSE:ACU - Free Report) by 8.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,592 shares of the company's stock after selling 22,731 shares during the period. Acme United accounts for about 0.7% of North Star Investment Management Corp.'s portfolio, making the stock its 23rd biggest position. North Star Investment Management Corp. owned 6.85% of Acme United worth $10,760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Management Corp VA boosted its position in shares of Acme United by 0.7% during the 1st quarter. Capital Management Corp VA now owns 574,071 shares of the company's stock valued at $22,739,000 after purchasing an additional 4,222 shares in the last quarter. Mink Brook Asset Management LLC boosted its position in shares of Acme United by 22.4% during 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 in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Acme United by 11.5% during the 1st 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. Citadel Advisors LLC boosted its position in shares of Acme United by 33.8% during the 4th quarter. Citadel Advisors LLC now owns 23,743 shares of the company's stock valued at $886,000 after purchasing an additional 5,999 shares in the last quarter. Finally, Nantahala Capital Management LLC bought a new stake in shares of Acme United during the 1st quarter valued at about $809,000. Institutional investors own 62.10% of the company's stock.

Acme United Stock Up 1.5%

Shares of Acme United stock opened at $41.64 on Thursday. The stock's 50-day moving average is $41.99 and its 200 day moving average is $40.59. Acme United Co. has a one year low of $34.35 and a one year high of $45.42. 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 firm has a market cap of $158.19 million, a price-to-earnings ratio of 8.52 and a beta of 0.70.

Acme United (NYSE:ACU - Get Free Report) last posted 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 declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Friday, October 3rd will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, October 3rd. Acme United's dividend payout ratio 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.

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