Acme United (NYSE:ACU) Director Sells 3,684 Shares of Stock

Acme United Co. (NYSE:ACU) Director Rex Lynn Davidson sold 3,684 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $56.48, for a total transaction of $208,072.32. Following the completion of the transaction, the director owned 6,228 shares of the company’s stock, valued at approximately $351,757.44. This trade represents a 37.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Acme United Stock Performance

Shares of ACU traded up $0.78 during mid-day trading on Tuesday, reaching $57.35. 21,915 shares of the company’s stock traded hands, compared to its average volume of 18,807. 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 business’s 50-day moving average price is $48.84 and its 200-day moving average price is $45.39. The stock has a market capitalization of $218.50 million, a P/E ratio of 11.73 and a beta of 0.47. Acme United Co. has a 12 month low of $35.50 and a 12 month high of $60.07.

Acme United Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $0.64 annualized dividend and a dividend yield of 1.1%. Acme United’s dividend payout ratio is presently 26.89%.

Institutional Investors Weigh In On Acme United

Institutional investors have recently bought and sold shares of the stock. Bridgeway Capital Management LLC lifted its holdings in shares of Acme United by 1.0% in the second quarter. Bridgeway Capital Management LLC now owns 23,659 shares of the company’s stock valued at $981,000 after buying an additional 236 shares during the period. Cetera Investment Advisers raised its holdings in shares of Acme United by 8.2% during the second quarter. Cetera Investment Advisers now owns 5,672 shares of the company’s stock valued at $235,000 after acquiring an additional 428 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Acme United by 0.4% in the first quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock valued at $5,235,000 after purchasing an additional 451 shares in the last quarter. First Trust Advisors LP lifted its stake in Acme United by 5.5% in the 2nd quarter. First Trust Advisors LP now owns 10,647 shares of the company’s stock worth $441,000 after acquiring an additional 551 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Acme United by 12.2% in the fourth quarter. Barclays PLC now owns 5,274 shares of the company’s stock worth $213,000 after purchasing an additional 575 shares in the last quarter. Institutional investors and hedge funds own 62.10% of the company’s stock.

About Acme United

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.