Acme United Corp (NYSEMKT:ACU) Institutional Investors Sentiment Increased in 2018 Q2

September 16, 2018 - By Victoria Pittman

Acme United Corporation (NYSEAMERICAN:ACU) Logo

Sentiment for Acme United Corp (NYSEMKT:ACU)

Acme United Corp (NYSEMKT:ACU) institutional sentiment increased to 1.88 in Q2 2018. Its up 0.80, from 1.08 in 2018Q1. The ratio improved, as 15 investment managers increased and started new equity positions, while 8 cut down and sold their positions in Acme United Corp. The investment managers in our partner’s database reported: 2.00 million shares, down from 2.01 million shares in 2018Q1. Also, the number of investment managers holding Acme United Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 5 Reduced: 3 Increased: 8 New Position: 7.

Acme United Corporation, together with its subsidiaries, supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting good, and industrial markets in the United States, Canada, Europe, and Asia. The company has market cap of $73.62 million. The firm offers scissors, rulers, pencil sharpeners, paper trimmers, lettering products, and math tools under the Westcott brand name. It has a 21.39 P/E ratio. It also provides cutting tools for hardware and industrial, lawn and garden, food processing, sewing, and housewares channels under the Clauss brand.

The stock increased 0.38% or $0.08 during the last trading session, reaching $21.82. About 5,249 shares traded or 5.53% up from the average. Acme United Corporation (NYSEMKT:ACU) has declined 11.64% since September 16, 2017 and is downtrending. It has underperformed by 27.26% the S&P500.

Analysts await Acme United Corporation (NYSEAMERICAN:ACU) to report earnings on October, 19. They expect $0.45 earnings per share, up 40.63 % or $0.13 from last year’s $0.32 per share. ACU’s profit will be $1.52 million for 12.12 P/E if the $0.45 EPS becomes a reality. After $0.67 actual earnings per share reported by Acme United Corporation for the previous quarter, Wall Street now forecasts -32.84 % negative EPS growth.

Capital Management Corp Va holds 1.64% of its portfolio in Acme United Corporation for 293,374 shares. North Star Investment Management Corp. owns 614,232 shares or 1.48% of their US portfolio. Moreover, Bard Associates Inc has 1.35% invested in the company for 140,123 shares. The California-based First Wilshire Securities Management Inc has invested 0.58% in the stock. Teton Advisors Inc., a New York-based fund reported 127,200 shares.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $213,600 activity.

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