Diamond Hill Capital Management LLC Investment Advisor Invests $1.63 Million in Acme United Co. $ACU

Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Acme United Co. (NYSE:ACU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 34,092 shares of the company’s stock, valued at approximately $1,627,000.

Other large investors also recently modified their holdings of the company. Bridgeway Capital Management LLC increased its stake in shares of Acme United by 1.0% during the second quarter. Bridgeway Capital Management LLC now owns 23,659 shares of the company’s stock valued at $981,000 after acquiring an additional 236 shares during the period. Cetera Investment Advisers raised its position in shares of Acme United by 8.2% during the second quarter. Cetera Investment Advisers now owns 5,672 shares of the company’s stock worth $235,000 after purchasing an additional 428 shares during the period. Renaissance Technologies LLC raised its holdings in Acme United by 0.4% during the 1st quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock worth $5,235,000 after buying an additional 451 shares during the period. First Trust Advisors LP lifted its position in shares of Acme United by 5.5% in the 2nd quarter. First Trust Advisors LP now owns 10,647 shares of the company’s stock valued at $441,000 after acquiring an additional 551 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Acme United by 12.2% in the fourth quarter. Barclays PLC now owns 5,274 shares of the company’s stock valued at $213,000 after purchasing an additional 575 shares in the last quarter. 62.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Acme United

In related news, Director Brian Barker sold 3,821 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $60.50, for a total transaction of $231,170.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brian S. Olschan sold 5,304 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $57.07, for a total transaction of $302,699.28. Following the completion of the sale, the chief operating officer owned 41,670 shares in the company, valued at approximately $2,378,106.90. The trade was a 11.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 23,247 shares of company stock worth $1,258,677 over the last 90 days. Insiders own 29.50% of the company’s stock.

Acme United Stock Performance

ACU stock opened at $61.91 on Tuesday. The firm has a 50 day simple moving average of $50.51 and a 200 day simple moving average of $46.00. The stock has a market cap of $235.88 million, a P/E ratio of 12.66 and a beta of 0.47. Acme United Co. has a 52 week low of $35.50 and a 52 week high of $63.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41.

Acme United Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, July 2nd. Acme United’s dividend payout ratio is 26.89%.

Acme United Company Profile

Acme United Corporation is a diversified manufacturer and marketer of cutting, measuring and safety products designed for consumer, professional and industrial end markets. The company’s product portfolio spans shears, scissors, cutters, rulers, pencil sharpeners, first aid kits and medical products, as well as fishing knives, survival tools and related accessories. Acme United serves a wide range of end‐use channels, including office supply, school, hardware, mass merchandise and sporting goods retail.

Founded in the 19th century and headquartered in Shelton, Connecticut, Acme United operates through a collection of well‐established brands.