Acme United (NYSE:ACU) Director Sells $21,145.41 in Stock

Acme United Co. (NYSE:ACU) Director Richmond Holden, Jr. sold 341 shares of the stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $62.01, for a total value of $21,145.41. Following the sale, the director directly owned 16,915 shares of the company’s stock, valued at $1,048,899.15. The trade was a 1.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Acme United Stock Performance

Shares of Acme United stock opened at $63.48 on Friday. Acme United Co. has a 12 month low of $35.50 and a 12 month high of $64.87. The firm has a market capitalization of $241.86 million, a P/E ratio of 12.98 and a beta of 0.40. The business’s fifty day simple moving average is $62.42 and its 200 day simple moving average is $52.29. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.

Acme United Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Friday, October 2nd were paid a dividend of $0.16 per share. The ex-dividend date was Friday, October 2nd. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. Acme United’s dividend payout ratio (DPR) is presently 26.89%.

Institutional Trading of Acme United

Several hedge funds and other institutional investors have recently modified their holdings of ACU. Integrated Wealth Concepts LLC purchased a new stake in shares of Acme United during the second quarter worth $28,000. Deutsche Bank AG bought a new position in shares of Acme United in the second quarter worth $162,000. James Investment Research Inc. purchased a new stake in shares of Acme United in the first quarter worth $217,000. Empowered Funds LLC purchased a new stake in shares of Acme United in the first quarter worth $234,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of Acme United in the first quarter worth $267,000. Institutional investors own 62.10% of the company’s stock.

About Acme United

Acme United Corporation is a manufacturer and supplier of first aid and medical products, cutting instruments, measuring tools and school and office supplies. The company serves the consumer, industrial, medical, school and office markets through a portfolio of branded and private-label products.

Its product offerings include workplace first aid cabinets and kits, medical and emergency supplies, scissors, shears, knives, sharpeners, rulers and other measuring instruments. Acme United markets products under brands such as PhysiciansCare, First Aid Only, Pac-Kit, Westcott and Clauss.

Founded in 1867, Acme United is headquartered in Fairfield, Connecticut, and serves customers in the United States, Canada and Europe.