8,598 Shares in Acme United Co. (NYSE:ACU) Bought by Millennium Management LLC

Millennium Management LLC acquired a new position in shares of Acme United Co. (NYSE:ACU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,598 shares of the company’s stock, valued at approximately $321,000. Millennium Management LLC owned about 0.23% of Acme United as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position 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 last quarter. Royce & Associates LP grew its position in shares of Acme United by 25.0% in the 4th quarter. Royce & Associates LP now owns 169,664 shares of the company’s stock valued at $6,334,000 after buying an additional 33,952 shares during the last quarter. Capital Management Corp VA grew its position 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 last quarter. Jane Street Group LLC bought a new stake in shares of Acme United in the 4th quarter valued at about $228,000. Finally, Citadel Advisors LLC grew its position in shares of Acme United by 33.8% in the 4th quarter. Citadel Advisors LLC now owns 23,743 shares of the company’s stock valued at $886,000 after buying an additional 5,999 shares during the last quarter. Institutional investors own 62.10% of the company’s stock.

Insider Activity

In other news, COO Brian S. Olschan sold 1,001 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $40.01, for a total value of $40,050.01. Following the transaction, the chief operating officer now directly owns 41,209 shares of the company’s stock, valued at $1,648,772.09. The trade was a 2.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 34.10% of the stock is owned by company insiders.

Acme United Trading Down 0.4%

NYSE ACU opened at $38.85 on Wednesday. The firm has a market capitalization of $147.28 million, a PE ratio of 7.94 and a beta of 0.65. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The business’s 50-day moving average price is $39.39 and its two-hundred day moving average price is $38.97. Acme United Co. has a 12 month low of $32.85 and a 12 month high of $50.00.

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

Acme United Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Wednesday, March 26th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Wednesday, March 26th. Acme United’s dividend payout ratio is 24.49%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Acme United from a “hold” rating to a “buy” rating in a research 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.