CM Wealth Advisors LLC acquired a new stake in shares of Acme United Co. (NYSE:ACU – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,752 shares of the company’s stock, valued at approximately $465,000.
A number of other hedge funds also recently bought and sold shares of ACU. Bank of America Corp DE raised its stake in Acme United by 3,048.9% in the 2nd quarter. Bank of America Corp DE now owns 1,480 shares of the company’s stock valued at $61,000 after purchasing an additional 1,433 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Acme United during the 2nd quarter worth about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Acme United in the second quarter valued at approximately $75,000. Raymond James Financial Inc. acquired a new position in shares of Acme United in the second quarter worth $76,000. Finally, New York State Common Retirement Fund acquired a new position in Acme United during the 2nd quarter worth $104,000. Hedge funds and other institutional investors own 62.10% of the company’s stock.
Acme United Price Performance
Shares of ACU opened at $61.06 on Thursday. Acme United Co. has a twelve month low of $35.50 and a twelve month high of $63.40. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $232.64 million, a price-to-earnings ratio of 12.49 and a beta of 0.47. The firm’s fifty day simple moving average is $51.21 and its 200-day simple moving average is $46.29.
Acme United Dividend Announcement
Insider Transactions at Acme United
In other news, Director Brian Barker sold 3,821 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $60.50, for a total value of $231,170.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brian S. Olschan sold 7,308 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $61.48, for a total value of $449,295.84. Following the completion of the transaction, the chief operating officer owned 41,172 shares of the company’s stock, valued at approximately $2,531,254.56. This represents a 15.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 30,555 shares of company stock worth $1,707,973 over the last 90 days. 29.50% of the stock is currently owned by insiders.
About Acme United
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.
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