Key Points
- Director Brian Barker sold 3,821 Acme United shares at an average price of $60.50, generating proceeds of approximately $231,171. The transaction was disclosed in an SEC filing.
- Acme United shares opened at $61.91, near their 52-week high of $63.17, with a market capitalization of about $235.9 million and a price-to-earnings ratio of 12.66.
- The company pays a quarterly dividend of $0.16, equivalent to $0.64 annually and a 1.0% yield. Institutional investors own 62.1% of the outstanding shares after several firms established new positions.
Acme United Co. (NYSE:ACU - Get Free Report) Director Brian Barker sold 3,821 shares of the business's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $60.50, for a total transaction of $231,170.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Acme United Stock Performance
Shares of ACU opened at $61.91 on Tuesday. 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 $63.17. The company has a 50-day simple moving average of $50.51 and a 200-day simple moving average of $46.00. The company 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 announced a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd were issued a $0.16 dividend. The ex-dividend date of this dividend 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 (DPR) is 26.89%.
Institutional Investors Weigh In On Acme United
Institutional investors have recently modified their holdings of the company. Manatuck Hill Partners LLC purchased a new position in shares of Acme United in the second quarter valued at $379,000. Bard Associates Inc. acquired a new stake in Acme United during the second quarter worth approximately $5,163,000. CM Wealth Advisors LLC acquired a new stake in shares of Acme United during the second quarter worth $465,000. BlackRock Inc. acquired a new stake in Acme United in the 2nd quarter worth about $8,578,000. Finally, Deutsche Bank AG acquired a new stake in shares of Acme United in the second quarter worth approximately $162,000. Hedge funds and other institutional investors own 62.10% of the company's stock.
Acme United Company Profile
(
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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