North Star Investment Management Corp. buys $8,031,312 stake in Acme United Corporation (ACU)

Acme United Corporation (ACU) : North Star Investment Management Corp. scooped up 17,810 additional shares in Acme United Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 478,510 shares of Acme United Corporation which is valued at $8,031,312.Acme United Corporation makes up approximately 1.52% of North Star Investment Management Corp.’s portfolio.

Acme United Corporation opened for trading at $17.13 and hit $17.24 on the upside on Monday, eventually ending the session at $17.09, with a gain of 1.82% or 0.3057 points. The heightened volatility saw the trading volume jump to 1,854 shares. Company has a market cap of $57 M.

Other Hedge Funds, Including , First Manhattan Co boosted its stake in ACU in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 13,224 shares of Acme United Corporation which is valued at $231,420.

Acme United Corporation is a supplier of cutting measuring and first aid products to the school home office hardware sporting goods and industrial markets. The Company’s operations are in the United States Canada Europe and Asia. The Company operates in three segments: United States; Canada and Europe. The operations in the United States Canada and Europe are involved in product development marketing sales administrative and distribution activities. The products offered across all segments scissors shears knives rulers pencil sharpeners first aid kits and related products which are sold primarily to wholesale contract and retail stationery distributors mass market retailers industrial distributors school supply distributors drug store retailers sporting goods stores hardware chains and wholesale florists. The Company markets and sells six brands which include Westcott Clauss Camillus PhysiciansCare Pac-Kit and First Aid Only.

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