Acme United Co. (NYSE:ACU) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. reduced its stake in shares of Acme United Co. (NYSE:ACU - Free Report) by 95.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,867 shares of the company's stock after selling 120,238 shares during the period. Polar Asset Management Partners Inc. owned about 0.16% of Acme United worth $219,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mink Brook Asset Management LLC bought a new position in Acme United during the fourth quarter worth $9,766,000. Royce & Associates LP raised its holdings in shares of Acme United by 25.0% during the fourth quarter. Royce & Associates LP now owns 169,664 shares of the company's stock worth $6,334,000 after purchasing an additional 33,952 shares during the period. Capital Management Corp VA boosted its holdings in shares of Acme United by 2.9% in the 4th quarter. Capital Management Corp VA now owns 569,849 shares of the company's stock valued at $21,272,000 after buying an additional 16,011 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Acme United by 59.7% in the 4th quarter. Bank of New York Mellon Corp now owns 28,165 shares of the company's stock valued at $1,051,000 after buying an additional 10,531 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of Acme United during the 4th quarter valued at about $321,000. Institutional investors own 62.10% of the company's stock.

Acme United Stock Performance

Shares of NYSE ACU traded down $0.32 during mid-day trading on Friday, hitting $38.31. The company had a trading volume of 986 shares, compared to its average volume of 13,988. Acme United Co. has a 12 month low of $32.85 and a 12 month high of $50.00. The stock has a market cap of $145.21 million, a price-to-earnings ratio of 7.83 and a beta of 0.64. 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's 50 day simple moving average is $39.53 and its two-hundred day simple moving average is $39.21.

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

Acme United Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, March 26th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. Acme United's dividend payout ratio (DPR) is presently 24.49%.

Wall Street Analyst Weigh In

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

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.