Bard Associates Inc Lowers stake in Acme United Corporation (ACU)

Acme United Corporation (ACU) : Bard Associates Inc reduced its stake in Acme United Corporation by 1.93% during the most recent quarter end. The investment management company now holds a total of 155,138 shares of Acme United Corporation which is valued at $3,254,330 after selling 3,055 shares in Acme United Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Acme United Corporation makes up approximately 1.63% of Bard Associates Inc’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in ACU in the latest quarter, The investment management firm added 64 additional shares and now holds a total of 683 shares of Acme United Corporation which is valued at $14,327.Moors Cabot reduced its stake in ACU by selling 5,937 shares or 13.63% in the most recent quarter. The Hedge Fund company now holds 37,614 shares of ACU which is valued at $782,371. Acme United Corporation makes up approx 0.13% of Moors Cabot’s portfolio.Capital Management Corp Va reduced its stake in ACU by selling 11,884 shares or 7.22% in the most recent quarter. The Hedge Fund company now holds 152,717 shares of ACU which is valued at $3,312,432. Acme United Corporation makes up approx 1.22% of Capital Management Corp Va’s portfolio.North Star Investment Management Corp. boosted its stake in ACU in the latest quarter, The investment management firm added 6,409 additional shares and now holds a total of 484,919 shares of Acme United Corporation which is valued at $9,334,691. Acme United Corporation makes up approx 1.67% of North Star Investment Management Corp.’s portfolio.

Acme United Corporation opened for trading at $20.45 and hit $20.79 on the upside on Tuesday, eventually ending the session at $20.69, with a gain of 1.17% or 0.24 points. The heightened volatility saw the trading volume jump to 4,625 shares. Company has a market cap of $69 M.

Many Wall Street Analysts have commented on Acme United Corporation. Company shares were Reiterated by Singular Research on Aug 10, 2016 to “Buy”, Firm has raised the Price Target to $ 24.50 from a previous price target of $21 .DA Davidson Initiated Acme United Corporation on Jul 1, 2016 to “Buy”, Price Target of the shares are set at $26.

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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