Acme United (NYSE:ACU) Director Rex Lynn Davidson Sells 3,684 Shares

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

Acme United Stock Performance

Shares of NYSE ACU opened at $57.35 on Wednesday. The company has a 50-day simple moving average of $49.14 and a 200-day simple moving average of $45.49. 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 company has a market cap of $218.50 million, a PE 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 Announces Dividend

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

Hedge Funds Weigh In On Acme United

Several large investors have recently added to or reduced their stakes in ACU. Indivisible Partners acquired a new stake in Acme United in the 4th quarter worth about $562,000. Capital Management Corp VA increased its stake in shares of Acme United by 0.5% during the 4th quarter. Capital Management Corp VA now owns 540,341 shares of the company’s stock valued at $21,781,000 after acquiring an additional 2,510 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Acme United by 68.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,649 shares of the company’s stock worth $109,000 after acquiring an additional 1,079 shares during the period. BlackRock Inc. purchased a new position in shares of Acme United during the 2nd quarter worth about $8,578,000. Finally, Deutsche Bank AG acquired a new stake in shares of Acme United in the second quarter worth approximately $162,000. 62.10% of the stock is currently owned by hedge funds and other 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.