Acme United (NYSE:ACU) Stock: Insider Richmond Holden, Jr. Sells 341 Shares

Acme United Co. (NYSE:ACU) Director Richmond Holden, Jr. sold 341 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $62.01, for a total transaction of $21,145.41. Following the completion of the transaction, the director directly owned 16,915 shares of the company’s stock, valued at $1,048,899.15. This represents a 1.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Acme United Stock Up 1.5%

Shares of NYSE:ACU traded up $0.97 during trading on Thursday, hitting $64.17. The company’s stock had a trading volume of 20,433 shares, compared to its average volume of 24,185. Acme United Co. has a fifty-two week low of $35.50 and a fifty-two week high of $64.87. The business has a 50 day moving average price of $62.29 and a two-hundred day moving average price of $52.08. 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 capitalization of $244.49 million, a PE ratio of 13.12 and a beta of 0.40.

Acme United Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Friday, October 2nd will be issued a $0.16 dividend. The ex-dividend date is Friday, October 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. Acme United’s dividend payout ratio (DPR) is 26.89%.

Hedge Funds Weigh In On Acme United

Several hedge funds and other institutional investors have recently made changes to their positions in ACU. Integrated Wealth Concepts LLC purchased a new position in shares of Acme United in the 2nd quarter valued at about $28,000. Deutsche Bank AG purchased a new stake in shares of Acme United during the second quarter worth approximately $162,000. James Investment Research Inc. purchased a new stake in shares of Acme United during the first quarter worth approximately $217,000. Empowered Funds LLC purchased a new stake in shares of Acme United during the first quarter worth approximately $234,000. Finally, NewEdge Advisors LLC acquired a new stake in Acme United in the first quarter valued at approximately $267,000. Hedge funds and other 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.