Acme United (NYSE:ACU) Stock: Insider Brian Barker Sells 3,435 Shares

Acme United Co. (NYSE:ACU) Director Brian Barker sold 3,435 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $69.03, for a total transaction of $237,118.05. The sale was disclosed in a document filed 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 shares were sold at an average price of $60.50, for a total transaction of $231,170.50.

Acme United Price Performance

Acme United stock opened at $70.20 on Thursday. The stock has a market capitalization of $267.46 million, a P/E ratio of 14.36 and a beta of 0.35. Acme United Co. has a 12-month low of $35.50 and a 12-month high of $72.21. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. The firm’s 50-day moving average is $64.00 and its two-hundred day moving average is $51.37.

Acme United Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Friday, October 2nd were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, October 2nd. Acme United’s payout ratio is presently 23.53%.

Hedge Funds Weigh In On Acme United

Large investors have recently modified their holdings of the company. Ritholtz Wealth Management lifted its stake in shares of Acme United by 2.8% in the 3rd quarter. Ritholtz Wealth Management now owns 8,498 shares of the company’s stock valued at $539,000 after purchasing an additional 234 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Acme United by 0.4% during the 1st quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock worth $5,235,000 after purchasing an additional 451 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Acme United during the 2nd quarter worth approximately $28,000. Deutsche Bank AG acquired a new stake in Acme United during the 2nd quarter worth approximately $162,000. Finally, Empowered Funds LLC purchased a new position in Acme United in the first quarter valued at approximately $234,000. 62.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Freedom Broker increased their price target 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 investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $70.00.

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.