Polar Asset Management Partners Inc. Has $219,000 Holdings in Acme United Co. (NYSE:ACU)

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

Several other hedge funds and other institutional investors also recently bought and sold shares of ACU. Barclays PLC raised its position in shares of Acme United by 13.7% during 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 in the last quarter. Jane Street Group LLC acquired a new stake in shares of Acme United during the 4th quarter valued at approximately $228,000. Northern Trust Corp raised its position in shares of Acme United by 11.2% during the 4th quarter. Northern Trust Corp now owns 6,846 shares of the company's stock valued at $256,000 after acquiring an additional 691 shares in the last quarter. 683 Capital Management LLC acquired a new stake in shares of Acme United during the 4th quarter valued at approximately $310,000. Finally, Millennium Management LLC acquired a new stake in shares of Acme United during the 4th quarter valued at approximately $321,000. 62.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Acme United Stock Performance

Shares of ACU stock traded down $0.62 on Friday, hitting $39.80. 8,507 shares of the stock traded hands, compared to its average volume of 13,498. The company has a market capitalization of $150.88 million, a PE ratio of 8.14 and a beta of 0.64. The company's fifty day moving average is $39.47 and its 200 day moving average is $39.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. Acme United Co. has a 1-year low of $32.85 and a 1-year high of $50.00.

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

Acme United Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, March 26th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.60 annualized dividend and a yield of 1.51%. Acme United's dividend payout ratio is currently 24.49%.

About Acme United

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.