Acme United (NYSE:ACU) Director Sells $237,118.05 in Stock

Acme United Co. (NYSE:ACU) Director Brian Barker sold 3,435 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $69.03, for a total transaction of $237,118.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Brian Barker also recently made the following trade(s):

• On Thursday, August 13th, Brian Barker sold 3,821 shares of Acme United stock. The stock was sold at an average price of $60.50, for a total transaction of $231,170.50.

Acme United Price Performance

Shares of ACU opened at $70.22 on Friday. The company has a market cap of $267.54 million, a P/E ratio of 14.36 and a beta of 0.35. Acme United Co. has a fifty-two week low of $35.50 and a fifty-two week high of $72.21. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average price is $64.12 and its 200 day moving average price is $51.51.

Acme United Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Friday, October 2nd were issued a $0.16 dividend. The ex-dividend date was Friday, October 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.9%. Acme United’s dividend payout ratio (DPR) is 23.53%.

Wall Street Analysts Forecast Growth

Separately, Freedom Broker boosted their target price on Acme United from $58.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, October 28th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Acme United currently has an average rating of “Hold” and an average price target of $70.00.

Institutional Inflows and Outflows

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

About Acme United

Acme United Corporation is a supplier of cutting, measuring, and safety products for consumers, businesses, and institutions. Its products include scissors, shears, knives, rulers, and other school and office supplies, as well as first aid kits and related medical and safety products. The company sells products under brands including Westcott, Clauss, Camillus, First Aid Only, and PhysiciansCare. Its offerings serve retail, education, office, industrial, and healthcare markets, with sales in the United States and internationally.