Key Points
- Director Richmond Holden Jr. sold 341 Acme United shares at an average price of $62.01, generating proceeds of $21,145.41. His remaining direct ownership totaled 16,915 shares, worth approximately $1.05 million.
- Acme United shares opened at $64.17, up 1.5%, with a market capitalization of about $244.5 million and a one-year trading range of $35.50 to $64.87.
- The company paid a quarterly dividend of $0.16 per share, equivalent to an annualized $0.64 dividend and a 1.0% yield. Institutional investors own approximately 62.1% of the stock.
Acme United Co. (NYSE:ACU - Get Free Report) Director Richmond Holden, Jr. sold 341 shares of Acme United stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $62.01, for a total transaction of $21,145.41. Following the transaction, the director directly owned 16,915 shares of the company's stock, valued at approximately $1,048,899.15. This trade represents a 1.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Acme United Trading Up 1.5%
NYSE:ACU opened at $64.17 on Friday. Acme United Co. has a one year low of $35.50 and a one year high of $64.87. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. The company's 50-day simple moving average is $62.36 and its 200 day simple moving average is $52.21. The firm has a market capitalization of $244.49 million, a P/E ratio of 13.12 and a beta of 0.40.
Acme United Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Friday, October 2nd were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. Acme United's dividend payout ratio (DPR) is currently 26.89%.
Institutional Trading of Acme United
A number of hedge funds have recently made changes to their positions in ACU. Integrated Wealth Concepts LLC purchased a new stake in shares of Acme United in the 2nd quarter worth approximately $28,000. Nantahala Capital Management LLC bought a new position in Acme United during the 2nd quarter valued at approximately $974,776. Empowered Funds LLC bought a new position in Acme United during the 2nd quarter valued at approximately $257,000. Manatuck Hill Partners LLC purchased a new position in Acme United during the second quarter valued at $379,000. Finally, Bard Associates Inc. purchased a new position in Acme United during the second quarter valued at $5,163,000. 62.10% of the stock is owned by institutional investors.
Acme United Company Profile
(
Get Free Report)
Acme United Corporation (NYSE: ACU) is a manufacturer and supplier of consumer and industrial products, with a primary focus on cutting tools, school and office supplies, and first-aid and medical products. Its portfolio serves consumers, businesses, schools, healthcare organizations and industrial customers.
The company's brands and product lines include Westcott scissors and classroom and office products; Clauss cutting tools; and First Aid Only, PhysiciansCare and Pac-Kit first-aid and medical kits and supplies.
Further Reading
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