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 business’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $62.01, for a total value of $21,145.41. Following the completion of the sale, the director directly owned 16,915 shares in the company, valued at $1,048,899.15. This trade represents a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Acme United Trading Down 1.1%

NYSE ACU opened at $63.48 on Friday. Acme United Co. has a 12 month low of $35.50 and a 12 month high of $64.87. The stock has a market cap of $241.86 million, a P/E ratio of 12.98 and a beta of 0.40. The stock’s fifty day moving average price is $62.42 and its 200-day moving average price is $52.29. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.

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 issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $0.64 annualized dividend and a yield of 1.0%. Acme United’s payout ratio is 26.89%.

Institutional Investors Weigh In On Acme United

A number of institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in Acme United by 0.4% during the 1st quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock valued at $5,235,000 after purchasing an additional 451 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Acme United during the second quarter valued at $28,000. Deutsche Bank AG purchased a new stake in shares of Acme United during the second quarter valued at $162,000. James Investment Research Inc. purchased a new stake in shares of Acme United during the first quarter valued at $217,000. Finally, Empowered Funds LLC bought a new stake in Acme United in the 1st quarter worth about $234,000. Hedge funds and other institutional investors own 62.10% of the company’s stock.

Acme United Company Profile

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.

Founded in 1867, Acme United is headquartered in Fairfield, Connecticut, and serves customers in the United States, Canada and Europe.