Acme United (NYSE:ACU) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Acme United (NYSE:ACU) from a hold rating to a buy rating in a research report report published on Monday.

Acme United Price Performance

Shares of NYSE:ACU opened at $37.40 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41. The firm has a fifty day moving average price of $36.87 and a 200 day moving average price of $40.33. Acme United has a fifty-two week low of $32.85 and a fifty-two week high of $50.00. The firm has a market cap of $139.91 million, a price-to-earnings ratio of 7.65 and a beta of 0.70.

Acme United Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Monday, January 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Monday, January 6th. Acme United’s payout ratio is 24.69%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ACU. Capital Management Corp VA increased its position in Acme United by 2.9% during the third quarter. Capital Management Corp VA now owns 553,838 shares of the company’s stock valued at $23,062,000 after acquiring an additional 15,385 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Acme United by 37.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 11,400 shares of the company’s stock worth $475,000 after acquiring an additional 3,100 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Acme United by 13.5% in the third quarter. HighTower Advisors LLC now owns 8,832 shares of the company’s stock worth $364,000 after acquiring an additional 1,048 shares in the last quarter. Barclays PLC acquired a new stake in Acme United in the third quarter worth about $163,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Acme United in the 3rd quarter valued at $196,000. Institutional investors own 62.10% of the company’s stock.

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.