261,612 Shares in Acme United Co. (NYSE:ACU) Purchased by Mink Brook Asset Management LLC

Mink Brook Asset Management LLC acquired a new position in Acme United Co. (NYSE:ACU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 261,612 shares of the company's stock, valued at approximately $9,766,000. Acme United makes up about 9.3% of Mink Brook Asset Management LLC's investment portfolio, making the stock its 4th biggest position. Mink Brook Asset Management LLC owned 6.99% of Acme United as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Barclays PLC increased its holdings in Acme United by 13.7% during the fourth quarter. Barclays PLC now owns 4,442 shares of the company's stock worth $165,000 after buying an additional 536 shares during the last quarter. Aristides Capital LLC increased its holdings in shares of Acme United by 4.0% in the fourth quarter. Aristides Capital LLC now owns 17,567 shares of the company's stock valued at $656,000 after purchasing an additional 670 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Acme United by 11.2% in the fourth quarter. Northern Trust Corp now owns 6,846 shares of the company's stock valued at $256,000 after purchasing an additional 691 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Acme United by 6.1% in the fourth quarter. Marshall Wace LLP now owns 17,288 shares of the company's stock valued at $645,000 after purchasing an additional 996 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Acme United by 17.2% in the fourth quarter. HighTower Advisors LLC now owns 10,355 shares of the company's stock valued at $387,000 after purchasing an additional 1,523 shares during the last quarter. Institutional investors own 62.10% of the company's stock.

Acme United Stock Performance

Shares of Acme United stock traded up $0.33 during trading on Friday, reaching $39.81. The company's stock had a trading volume of 23,897 shares, compared to its average volume of 14,496. The business's 50-day moving average price is $39.51 and its 200-day moving average price is $39.22. The firm has a market cap of $150.92 million, a PE ratio of 8.14 and a beta of 0.64. Acme United Co. has a 52 week low of $32.85 and a 52 week high of $50.00. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30.

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

Acme United Dividend Announcement

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

Analyst Ratings Changes

Separately, StockNews.com raised shares of Acme United from a "hold" rating to a "buy" rating in a research report on Friday, May 9th.

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.