Acme United (NYSE:ACU) Shares Up 1.1% – Time to Buy?

Acme United Co. (NYSE:ACU)’s stock price shot up 1.1% on Friday . The stock traded as high as $57.54 and last traded at $56.86. 14,229 shares were traded during trading, a decline of 21% from the average session volume of 17,910 shares. The stock had previously closed at $56.23.

Acme United Price Performance

The stock has a market capitalization of $216.64 million, a PE ratio of 11.63 and a beta of 0.48. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average price is $47.14 and its 200-day moving average price is $44.83.

Acme United Announces Dividend

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

Insider Buying and Selling

In other Acme United news, COO Brian S. Olschan sold 4,833 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $42.00, for a total value of $202,986.00. Following the transaction, the chief operating officer directly owned 41,172 shares in the company, valued at $1,729,224. This represents a 10.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 29.50% of the stock is owned by corporate insiders.

Institutional Trading of Acme United

Large investors have recently modified their holdings of the company. Bridgeway Capital Management LLC increased its holdings in Acme United by 1.0% during the 2nd quarter. Bridgeway Capital Management LLC now owns 23,659 shares of the company’s stock worth $981,000 after purchasing an additional 236 shares during the period. Cetera Investment Advisers raised its position in Acme United by 8.2% during the 2nd quarter. Cetera Investment Advisers now owns 5,672 shares of the company’s stock valued at $235,000 after purchasing an additional 428 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Acme United by 0.4% in the 1st quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock worth $5,235,000 after buying an additional 451 shares during the period. First Trust Advisors LP grew its position in shares of Acme United by 5.5% during the 2nd quarter. First Trust Advisors LP now owns 10,647 shares of the company’s stock worth $441,000 after buying an additional 551 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Acme United by 12.2% during the 4th quarter. Barclays PLC now owns 5,274 shares of the company’s stock worth $213,000 after buying an additional 575 shares in the last quarter. Hedge funds and other institutional investors 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.