Acme United Co. (NYSE:ACU) Holdings Decreased by Teton Advisors Inc.

Teton Advisors Inc. reduced its holdings in Acme United Co. (NYSE:ACU) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,000 shares of the company’s stock after selling 4,000 shares during the period. Teton Advisors Inc.’s holdings in Acme United were worth $2,186,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new stake in shares of Acme United during the 3rd quarter valued at $371,000. Diamond Hill Capital Management Inc. boosted its position in Acme United by 21.7% during the third quarter. Diamond Hill Capital Management Inc. now owns 11,000 shares of the company’s stock valued at $329,000 after purchasing an additional 1,959 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Acme United in the third quarter valued at about $277,000. Moors & Cabot Inc. acquired a new position in Acme United in the 3rd quarter worth about $239,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of Acme United during the 4th quarter worth about $223,000. 62.10% of the stock is owned by hedge funds and other institutional investors.

Acme United Stock Down 0.6 %

NYSE:ACU traded down $0.25 during trading hours on Monday, reaching $40.85. The company’s stock had a trading volume of 22,811 shares, compared to its average volume of 23,988. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.54 and a quick ratio of 1.41. The company has a market cap of $149.10 million, a price-to-earnings ratio of 8.51 and a beta of 0.74. Acme United Co. has a one year low of $23.24 and a one year high of $50.99. The business’s 50-day moving average is $43.39 and its 200-day moving average is $41.36.

Acme United (NYSE:ACU) last issued its quarterly earnings data on Friday, April 19th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Acme United had a return on equity of 9.87% and a net margin of 9.67%. The business had revenue of $44.96 million for the quarter, compared to analyst estimates of $48.50 million. Equities research analysts predict that Acme United Co. will post 2.53 EPS for the current year.

Acme United Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Wednesday, March 27th. Acme United’s payout ratio is 12.50%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ACU shares. TheStreet raised Acme United from a “c+” rating to a “b” rating in a research note on Wednesday, February 14th. StockNews.com downgraded shares of Acme United from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st.

Acme United Company 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.