Acme United (NYSE:ACU) Stock Falls 0.6% – What’s Next?

Acme United Co. (NYSE:ACU) shares were down 0.6% during mid-day trading on Wednesday. The stock traded as low as $62.74 and last traded at $63.20. 47,143 shares traded hands during mid-day trading, an increase of 95% from the average session volume of 24,204 shares. The stock had previously closed at $63.58.

Acme United Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41. The company has a market cap of $241.86 million, a price-to-earnings ratio of 12.98 and a beta of 0.40. The business has a fifty day moving average price of $62.36 and a 200 day moving average price of $52.21.

Acme United Dividend Announcement

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 annualized dividend and a yield of 1.0%. Acme United’s payout ratio is presently 26.89%.

Insider Transactions at Acme United

In related news, COO Brian S. Olschan sold 7,308 shares of Acme United stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $61.48, for a total transaction of $449,295.84. Following the sale, the chief operating officer directly owned 41,172 shares of the company’s stock, valued at approximately $2,531,254.56. The trade was a 15.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian Barker sold 3,821 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $60.50, for a total transaction of $231,170.50. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 26,063 shares of company stock valued at $1,526,133. 29.50% of the stock is currently owned by insiders.

Institutional Trading of Acme United

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new position in shares of Acme United in the 2nd quarter valued at $1,509,000. Nantahala Capital Management LLC bought a new stake in Acme United during the 2nd quarter worth $974,776. BlackRock Inc. bought a new stake in Acme United during the 2nd quarter worth $8,578,000. Bard Associates Inc. bought a new stake in Acme United during the 2nd quarter worth $5,163,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Acme United in the 2nd quarter worth about $1,627,000. Institutional investors own 62.10% of the company’s stock.

About Acme United

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.