Acme United Co. (NYSE:ACU – Get Free Report)’s share price traded up 0.5% on Thursday . The stock traded as high as $48.79 and last traded at $48.01. Approximately 10,292 shares were traded during trading, a decline of 39% from the average daily volume of 16,915 shares. The stock had previously closed at $47.79.
Acme United Price Performance
The stock has a market cap of $180.21 million, a P/E ratio of 9.67 and a beta of 0.48. The firm has a 50-day moving average price of $44.22 and a 200-day moving average price of $43.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41.
Acme United Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be issued a $0.16 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 1.4%. Acme United’s dividend payout ratio is 27.59%.
Insider Buying and Selling
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Bridgeway Capital Management LLC raised its stake in Acme United by 1.0% during the second quarter. Bridgeway Capital Management LLC now owns 23,659 shares of the company’s stock valued at $981,000 after buying an additional 236 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Acme United by 8.2% in the second quarter. Cetera Investment Advisers now owns 5,672 shares of the company’s stock worth $235,000 after acquiring an additional 428 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Acme United by 0.4% in the first quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock worth $5,235,000 after acquiring an additional 451 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Acme United by 5.5% during the second quarter. First Trust Advisors LP now owns 10,647 shares of the company’s stock valued at $441,000 after acquiring an additional 551 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Acme United by 12.2% during the fourth quarter. Barclays PLC now owns 5,274 shares of the company’s stock valued at $213,000 after acquiring an additional 575 shares in the last quarter. 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.
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