8,300 Shares in Acme United Co. (NYSE:ACU) Bought by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. acquired a new position in Acme United Co. (NYSE:ACU) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 8,300 shares of the company’s stock, valued at approximately $291,000.

A number of other large investors have also recently bought and sold shares of ACU. Evercore Wealth Management LLC bought a new stake in Acme United during the fourth quarter valued at about $219,000. Ritholtz Wealth Management boosted its holdings in Acme United by 7.5% during the second quarter. Ritholtz Wealth Management now owns 10,341 shares of the company’s stock valued at $363,000 after acquiring an additional 723 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Acme United by 17.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,620 shares of the company’s stock valued at $627,000 after acquiring an additional 2,204 shares during the period. Ridgewood Investments LLC boosted its holdings in Acme United by 4.4% during the second quarter. Ridgewood Investments LLC now owns 23,735 shares of the company’s stock valued at $832,000 after acquiring an additional 1,000 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Acme United by 71.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 26,755 shares of the company’s stock valued at $1,257,000 after acquiring an additional 11,113 shares during the period. 62.10% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Brian S. Olschan sold 3,149 shares of Acme United stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $40.88, for a total value of $128,731.12. Following the completion of the transaction, the chief operating officer now owns 41,103 shares in the company, valued at $1,680,290.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 34.10% of the stock is currently owned by corporate insiders.

Acme United Stock Down 0.3 %

Shares of ACU opened at $42.70 on Monday. The stock has a market cap of $156.37 million, a price-to-earnings ratio of 8.90 and a beta of 0.65. The company has a quick ratio of 1.77, a current ratio of 3.79 and a debt-to-equity ratio of 0.35. Acme United Co. has a 12 month low of $26.10 and a 12 month high of $50.99. The company has a 50-day moving average price of $40.57 and a two-hundred day moving average price of $40.05.

Acme United (NYSE:ACU) last posted its earnings results on Friday, July 19th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. Acme United had a net margin of 10.09% and a return on equity of 10.14%. The company had revenue of $55.43 million during the quarter, compared to analysts’ expectations of $56.50 million. Equities analysts predict that Acme United Co. will post 2.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on ACU. Singular Research upgraded shares of Acme United from a “moderate buy” rating to a “strong-buy” rating in a report on Wednesday, July 24th. StockNews.com raised shares of Acme United from a “hold” rating to a “buy” rating in a research report on Saturday, July 20th.

About Acme United

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.