Acme United (NYSE:ACU) Director Brian Barker Sells 3,821 Shares of Stock

Acme United Co. (NYSE:ACU – Get Free Report) Director Brian Barker sold 3,821 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $60.50, for a total value of $231,170.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Acme United Stock Up 2.5%

ACU opened at $61.91 on Tuesday. Acme United Co. has a 52 week low of $35.50 and a 52 week high of $63.17. The business has a 50 day moving average price of $50.51 and a two-hundred day moving average price of $46.00. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. The company has a market cap of $235.88 million, a PE ratio of 12.66 and a beta of 0.47.

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Acme United Dividend Announcement

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

Institutional Trading of Acme United

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Indivisible Partners purchased a new position in Acme United during the fourth quarter worth about $562,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Acme United during the 2nd quarter worth approximately $1,627,000. Capital Management Corp VA raised 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 worth $21,781,000 after buying an additional 2,510 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Acme United by 68.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,649 shares of the company’s stock worth $109,000 after buying an additional 1,079 shares in the last quarter. Finally, Manatuck Hill Partners LLC acquired a new stake in shares of Acme United in the 2nd quarter valued at approximately $379,000. Hedge funds and other institutional investors own 62.10% of the company’s stock.

About Acme United

(Get Free Report)

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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