Advisor Group Inc. acquired a new stake in Acme United Co. (NYSEMKT:ACU) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,617 shares of the company’s stock, valued at approximately $447,000. Advisor Group Inc. owned 0.47% of Acme United at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ACU. Spark Investment Management LLC bought a new position in shares of Acme United in the first quarter valued at approximately $203,000. Royce & Associates LP boosted its position in shares of Acme United by 19.6% in the first quarter. Royce & Associates LP now owns 79,265 shares of the company’s stock valued at $2,227,000 after acquiring an additional 13,000 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Acme United by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 115,056 shares of the company’s stock valued at $3,233,000 after acquiring an additional 5,703 shares during the period. Renaissance Technologies LLC boosted its position in shares of Acme United by 8.2% in the first quarter. Renaissance Technologies LLC now owns 118,600 shares of the company’s stock valued at $3,322,000 after acquiring an additional 9,000 shares during the period. Finally, Cubic Asset Management LLC boosted its position in shares of Acme United by 15.4% in the second quarter. Cubic Asset Management LLC now owns 17,950 shares of the company’s stock valued at $513,000 after acquiring an additional 2,400 shares during the period.

In related news, CEO Walter C. Johnsen sold 2,104 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $27.12, for a total value of $57,060.48. Following the completion of the sale, the chief executive officer now directly owns 307,610 shares in the company, valued at $8,342,383.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Walter C. Johnsen sold 2,108 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $27.12, for a total value of $57,168.96. Following the completion of the sale, the chief executive officer now owns 307,610 shares of the company’s stock, valued at $8,342,383.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,662 shares of company stock valued at $126,640.

Acme United Co. (ACU) opened at 24.00 on Monday. The stock has a market capitalization of $80.90 million, a P/E ratio of 15.89 and a beta of 0.53. Acme United Co. has a 1-year low of $19.49 and a 1-year high of $29.49. The firm’s 50 day moving average is $24.74 and its 200 day moving average is $26.89.

Acme United (NYSEMKT:ACU) last posted its earnings results on Tuesday, July 25th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.25). The firm had revenue of $38.85 million for the quarter, compared to the consensus estimate of $45.20 million. Acme United had a net margin of 7.33% and a return on equity of 23.79%. On average, equities research analysts anticipate that Acme United Co. will post $1.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 3rd will be given a $0.11 dividend. The ex-dividend date is Monday, October 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.83%. Acme United’s dividend payout ratio is presently 26.32%.

Separately, ValuEngine upgraded shares of Acme United from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd.

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Acme United Company Profile

Acme United Corporation is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The Company operates in three segments: United States (including Asian operations), Canada and Europe. Its operations in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.

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

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