Acme United Co. (NYSE:ACU) is Capital Management Corp VA’s 5th Largest Position

Capital Management Corp VA increased its position in shares of Acme United Co. (NYSE:ACU) by 2.9% during the 4th quarter, Holdings Channel reports. The firm owned 569,849 shares of the company’s stock after acquiring an additional 16,011 shares during the period. Acme United comprises 3.8% of Capital Management Corp VA’s investment portfolio, making the stock its 5th biggest position. Capital Management Corp VA owned about 0.15% of Acme United worth $21,272,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Barclays PLC purchased a new position in shares of Acme United in the third quarter valued at about $163,000. Wilmington Savings Fund Society FSB bought a new stake in Acme United during the 3rd quarter valued at approximately $196,000. HighTower Advisors LLC lifted its holdings in Acme United by 13.5% in the 3rd quarter. HighTower Advisors LLC now owns 8,832 shares of the company’s stock worth $364,000 after purchasing an additional 1,048 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Acme United by 37.3% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 11,400 shares of the company’s stock worth $475,000 after purchasing an additional 3,100 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Acme United by 59.7% during 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 in the last quarter. Hedge funds and other institutional investors own 62.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Acme United from a “hold” rating to a “buy” rating in a report on Monday, March 3rd.

Acme United Stock Down 1.4 %

ACU opened at $37.31 on Friday. The company has a market capitalization of $139.58 million, a PE ratio of 7.63 and a beta of 0.70. The firm has a 50-day simple moving average of $36.91 and a two-hundred day simple moving average of $40.27. 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 Co. has a 52 week low of $32.85 and a 52 week high of $50.00.

Acme United Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Monday, January 6th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, January 6th. Acme United’s dividend payout ratio is presently 24.69%.

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.