Acme United (NYSE:ACU) Director Sells 3,821 Shares

Acme United Co. (NYSE:ACU) Director Brian Barker sold 3,821 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $60.50, for a total transaction of $231,170.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Acme United Stock Performance

Shares of ACU stock traded up $1.51 during mid-day trading on Monday, reaching $61.91. 70,497 shares of the company’s stock traded hands, compared to its average volume of 19,254. Acme United Co. has a 12 month low of $35.50 and a 12 month high of $63.17. The firm has a 50 day moving average price of $50.15 and a two-hundred day moving average price of $45.85. 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 firm has a market capitalization of $235.88 million, a PE ratio of 12.66 and a beta of 0.47.

Acme United Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, July 2nd. Acme United’s payout ratio is currently 26.89%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Capital Management Corp VA grew its stake in shares of Acme United by 0.5% during the 4th quarter. Capital Management Corp VA now owns 540,341 shares of the company’s stock valued at $21,781,000 after acquiring an additional 2,510 shares during the period. BlackRock Inc. bought a new stake in Acme United during the 2nd quarter worth approximately $8,578,000. Renaissance Technologies LLC lifted its holdings in Acme United by 0.4% during the first quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock valued at $5,235,000 after purchasing an additional 451 shares in the last quarter. Bard Associates Inc. purchased a new position in Acme United during the second quarter valued at approximately $5,163,000. Finally, Geode Capital Management LLC boosted its position in shares of Acme United by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 76,102 shares of the company’s stock worth $3,068,000 after purchasing an additional 926 shares during the period. 62.10% of the stock is owned by hedge funds and other institutional investors.

About Acme United

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.