Ritholtz Wealth Management Has $337,000 Stock Position in Acme United Co. (NYSE:ACU)

Ritholtz Wealth Management reduced its position in shares of Acme United Co. (NYSE:ACUFree Report) by 19.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,034 shares of the company’s stock after selling 2,224 shares during the period. Ritholtz Wealth Management owned 0.24% of Acme United worth $337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC bought a new stake in Acme United during 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. Sei Investments Co. acquired a new stake in Acme United in the 2nd quarter valued at approximately $209,000. HighTower Advisors LLC increased its position 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 buying an additional 1,048 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its holdings in shares of Acme United by 37.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 11,400 shares of the company’s stock worth $475,000 after buying an additional 3,100 shares during the last quarter. 62.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Acme United from a “buy” rating to a “hold” rating in a research note on Monday, October 21st.

Get Our Latest Analysis on ACU

Acme United Stock Up 0.8 %

Shares of ACU opened at $37.50 on Wednesday. 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 company has a 50-day simple moving average of $39.96 and a 200-day simple moving average of $40.67. Acme United Co. has a 52 week low of $32.85 and a 52 week high of $50.99. The firm has a market capitalization of $140.25 million, a P/E ratio of 7.67 and a beta of 0.70.

Acme United Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Monday, January 6th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.60%. Acme United’s dividend payout ratio is currently 12.27%.

About Acme United

(Free Report)

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.

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Institutional Ownership by Quarter for Acme United (NYSE:ACU)

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