Acme United (NYSE:ACU) Stock: Insider Brian Barker Sells 3,435 Shares

Acme United Co. (NYSE:ACU) Director Brian Barker sold 3,435 shares of Acme United stock in a transaction on Monday, November 9th. The stock was sold at an average price of $69.03, for a total transaction of $237,118.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Brian Barker also recently made the following trade(s):

• On Thursday, August 13th, Brian Barker sold 3,821 shares of Acme United stock. The stock was sold at an average price of $60.50, for a total transaction of $231,170.50.

Acme United Stock Performance

ACU stock traded up $1.04 during mid-day trading on Tuesday, reaching $70.28. 42,111 shares of the stock traded hands, compared to its average volume of 25,190. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. Acme United Co. has a 52 week low of $35.50 and a 52 week high of $72.21. The business has a 50-day moving average of $63.69 and a two-hundred day moving average of $51.10. The firm has a market capitalization of $267.77 million, a PE ratio of 14.37 and a beta of 0.35.

Acme United Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Friday, October 2nd were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, October 2nd. Acme United’s payout ratio is currently 23.53%.

Institutional Investors Weigh In On Acme United

A number of institutional investors have recently added to or reduced their stakes in the company. Ritholtz Wealth Management increased its stake in Acme United by 2.8% during the third quarter. Ritholtz Wealth Management now owns 8,498 shares of the company’s stock valued at $539,000 after acquiring an additional 234 shares during the period. Simplicity Wealth LLC acquired a new position in Acme United in the 3rd quarter valued at approximately $371,000. Integrated Wealth Concepts LLC bought a new stake in shares of Acme United in the 2nd quarter worth approximately $28,000. Nantahala Capital Management LLC bought a new stake in shares of Acme United in the 2nd quarter worth approximately $974,776. Finally, Empowered Funds LLC bought a new stake in shares of Acme United in the 2nd quarter worth approximately $257,000. 62.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Freedom Broker increased their target price on Acme United from $58.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, Acme United currently has a consensus rating of “Hold” and an average target price of $70.00.

About Acme United

Acme United Corporation is a manufacturer and supplier of first aid and medical products, cutting instruments, measuring tools and school and office supplies. The company serves the consumer, industrial, medical, school and office markets through a portfolio of branded and private-label products. Its product offerings include workplace first aid cabinets and kits, medical and emergency supplies, scissors, shears, knives, sharpeners, rulers and other measuring instruments. Acme United markets products under brands such as PhysiciansCare, First Aid Only, Pac-Kit, Westcott and Clauss.