Acme United (NYSEAMERICAN:ACU) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Acme United (NYSEAMERICAN:ACUGet Rating) in a research report report published on Tuesday. The brokerage issued a hold rating on the stock.

NYSEAMERICAN ACU opened at $32.41 on Tuesday. The company has a market cap of $114.12 million, a PE ratio of 9.59 and a beta of 1.08. Acme United has a 1-year low of $29.82 and a 1-year high of $46.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 4.84 and a quick ratio of 2.29. The company’s fifty day moving average price is $33.33.

Acme United (NYSEAMERICAN:ACUGet Rating) last posted its quarterly earnings data on Friday, April 22nd. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.43). The firm had revenue of $43.33 million for the quarter. Acme United had a net margin of 7.54% and a return on equity of 19.21%.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 22nd. Investors of record on Friday, April 1st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Thursday, March 31st. Acme United’s payout ratio is 15.38%.

Hedge funds have recently made changes to their positions in the business. Morgan Stanley grew its holdings in Acme United by 183.6% during the second quarter. Morgan Stanley now owns 709 shares of the company’s stock valued at $32,000 after purchasing an additional 459 shares during the period. Advisor Group Holdings Inc. lifted its position in shares of Acme United by 64.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 2,785 shares of the company’s stock valued at $91,000 after buying an additional 1,091 shares in the last quarter. BlackRock Inc. grew its stake in shares of Acme United by 443.2% during the 3rd quarter. BlackRock Inc. now owns 6,545 shares of the company’s stock valued at $214,000 after acquiring an additional 5,340 shares during the period. Renaissance Technologies LLC increased its holdings in Acme United by 4.3% in the 3rd quarter. Renaissance Technologies LLC now owns 187,695 shares of the company’s stock worth $6,145,000 after acquiring an additional 7,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Acme United by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 178,290 shares of the company’s stock worth $5,837,000 after acquiring an additional 1,671 shares during the period. 59.98% of the stock is owned by institutional investors and hedge funds.

About Acme United (Get Rating)

Acme United Corporation supplies first aid and safety, cutting, sharpening, and measuring 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.

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