CM Wealth Advisors LLC Invests $465,000 in Acme United Co. $ACU

CM Wealth Advisors LLC purchased a new position in Acme United Co. (NYSE:ACU) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,752 shares of the company’s stock, valued at approximately $465,000. CM Wealth Advisors LLC owned about 0.26% of Acme United as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Acme United in the second quarter valued at $8,578,000. Geode Capital Management LLC raised its position in Acme United by 116.6% in the 2nd quarter. Geode Capital Management LLC now owns 75,267 shares of the company’s stock worth $3,120,000 after purchasing an additional 40,524 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Acme United in the 2nd quarter worth about $1,627,000. Bank of New York Mellon Corp bought a new stake in Acme United in the second quarter worth about $1,509,000. Finally, Indivisible Partners bought a new stake in Acme United in the fourth quarter worth about $562,000. 62.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Acme United

In other Acme United news, Director Brian Barker sold 3,821 shares of the company’s 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 SEC, which is available through this link. Also, COO Brian S. Olschan sold 7,308 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $61.48, for a total transaction of $449,295.84. Following the transaction, the chief operating officer directly owned 41,172 shares in the company, valued at approximately $2,531,254.56. This trade represents a 15.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,555 shares of company stock valued at $1,707,973 in the last three months. Company insiders own 29.50% of the company’s stock.

Acme United Trading Down 2.8%

ACU opened at $61.06 on Thursday. Acme United Co. has a one year low of $35.50 and a one year high of $63.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41. The stock has a market cap of $232.64 million, a price-to-earnings ratio of 12.49 and a beta of 0.47. The stock’s 50 day moving average price is $51.21 and its 200-day moving average price is $46.29.

Acme United Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, July 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. Acme United’s dividend payout ratio (DPR) is presently 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.