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

Acme United Co. (NYSE:ACU) Director Richmond Holden, Jr. sold 341 shares of the firm’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 of the company’s stock, valued at $1,048,899.15. The trade was 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 Performance

NYSE:ACU opened at $64.17 on Friday. The stock has a market cap of $244.49 million, a P/E ratio of 13.12 and a beta of 0.40. The firm’s fifty day simple moving average is $62.36 and its 200 day simple moving average is $52.21. Acme United Co. has a twelve month low of $35.50 and a twelve month high of $64.87. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30.

Acme United Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Friday, October 2nd were given a dividend of $0.16 per share. The ex-dividend date was Friday, October 2nd. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. Acme United’s payout ratio is currently 26.89%.

Institutional Trading of Acme United

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position 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 acquiring an additional 451 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Acme United in the 2nd quarter worth approximately $28,000. Deutsche Bank AG bought a new position in shares of Acme United in the 2nd quarter worth approximately $162,000. James Investment Research Inc. bought a new position in shares of Acme United in the 1st quarter worth approximately $217,000. Finally, Empowered Funds LLC purchased a new position in shares of Acme United in the 1st quarter valued at approximately $234,000. 62.10% of the stock is currently owned by hedge funds and other institutional investors.

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.