Brian Barker Sells 3,821 Shares of Acme United (NYSE:ACU) Stock

Acme United Co. (NYSE:ACU) Director Brian Barker sold 3,821 shares of Acme United stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $60.50, for a total value of $231,170.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Acme United Stock Up 1.5%

NYSE:ACU opened at $62.83 on Wednesday. Acme United Co. has a 1 year low of $35.50 and a 1 year high of $63.26. The stock has a 50-day moving average price of $50.89 and a two-hundred day moving average price of $46.15. The stock has a market cap of $239.38 million, a price-to-earnings ratio of 12.85 and a beta of 0.47. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, July 2nd. Acme United’s dividend payout ratio is 26.89%.

Institutional Investors Weigh In On Acme United

A number of hedge funds and other institutional investors have recently made changes to their positions in ACU. Empowered Funds LLC bought a new stake in Acme United in the 2nd quarter valued at $257,000. Manatuck Hill Partners LLC acquired a new position in Acme United in the 2nd quarter worth $379,000. Bard Associates Inc. bought a new position in Acme United during the 2nd quarter worth about $5,163,000. CM Wealth Advisors LLC acquired a new stake in shares of Acme United in the 2nd quarter valued at about $465,000. Finally, BlackRock Inc. acquired a new stake in shares of Acme United in the 2nd quarter valued at about $8,578,000. 62.10% of the stock is currently owned by institutional investors and hedge funds.

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.