Advisor Group Inc. Acquires Shares of 15,617 Acme United Co. (ACU)
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.
ILLEGAL ACTIVITY WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/09/advisor-group-inc-acquires-shares-of-15617-acme-united-co-acu.html.
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.
Want to see what other hedge funds are holding ACU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acme United Co. (NYSEMKT:ACU).
Receive News & Stock Ratings for Acme United Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acme United Co. and related stocks with our FREE daily email newsletter.