Insider Selling: Acme United (NYSE:ACU) Director Sells $231,170.50 in Stock

Acme United Co. (NYSE:ACU) Director Brian Barker sold 3,821 shares of Acme United stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $60.50, for a total transaction of $231,170.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Acme United Stock Down 2.8%

Shares of NYSE:ACU opened at $61.06 on Thursday. Acme United Co. has a 52-week low of $35.50 and a 52-week high of $63.40. The stock has a market cap of $232.64 million, a P/E ratio of 12.49 and a beta of 0.47. The business’s 50 day moving average is $51.21 and its 200 day moving average is $46.29. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30.

Acme United Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, July 2nd. Acme United’s payout ratio is presently 26.89%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACU. Nantahala Capital Management LLC purchased a new position in Acme United during the 2nd quarter valued at about $974,776,000. Empowered Funds LLC purchased a new stake in shares of Acme United in the 2nd quarter worth approximately $257,000. Manatuck Hill Partners LLC bought a new position in shares of Acme United during the second quarter valued at approximately $379,000. Bard Associates Inc. purchased a new position in Acme United during the second quarter valued at approximately $5,163,000. Finally, CM Wealth Advisors LLC purchased a new position in Acme United during the second quarter valued at approximately $465,000. 62.10% of the stock is currently owned by institutional investors.

Acme United Company Profile

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.