Key Points
- Director Rex Lynn Davidson sold 3,684 Acme United shares at an average price of $56.48, generating $208,072.32. His direct ownership fell 37.17% to 6,228 shares.
- Acme United shares opened at $57.35, with the stock up 1.4%; the company has a $218.5 million market capitalization and trades at a P/E ratio of 11.73.
- The company paid a quarterly dividend of $0.16 per share, equivalent to $0.64 annually and a 1.1% yield. Institutional investors own 62.10% of Acme United’s outstanding stock.
Acme United Co. (NYSE:ACU - Get Free Report) Director Rex Lynn Davidson sold 3,684 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $56.48, for a total transaction of $208,072.32. Following the sale, the director directly owned 6,228 shares of the company's stock, valued at $351,757.44. This represents a 37.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Acme United Trading Up 1.4%
Shares of ACU opened at $57.35 on Wednesday. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $218.50 million, a P/E ratio of 11.73 and a beta of 0.47. The stock's fifty day simple moving average is $49.14 and its 200 day simple moving average is $45.49. Acme United Co. has a twelve month low of $35.50 and a twelve month high of $60.07.
Acme United Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 2nd. Acme United's dividend payout ratio (DPR) is 26.89%.
Institutional Trading of Acme United
A number of institutional investors have recently modified their holdings of ACU. Bank of America Corp DE increased its position in Acme United by 3,048.9% during the 2nd quarter. Bank of America Corp DE now owns 1,480 shares of the company's stock worth $61,000 after purchasing an additional 1,433 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Acme United during the second quarter valued at approximately $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Acme United during the second quarter valued at approximately $75,000. Raymond James Financial Inc. purchased a new stake in Acme United during the second quarter worth approximately $76,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Acme United in the second quarter worth $104,000. 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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