Acme United (NYSE:ACU) Stock: Insider Brian Barker Sells 3,435 Shares

Key Points

• Director Brian Barker sold 3,435 Acme United shares on November 9 at an average price of $69.03, worth approximately $237,118. He had also sold 3,821 shares in August.
• ACU shares rose 1.5% to $70.28 in Tuesday mid-day trading, near their 52-week high of $72.21.
• Acme United’s quarterly dividend is $0.16 per share, equivalent to an annualized yield of 0.9%; analyst consensus remains Hold with a $70 price target.

Acme United Co. (NYSE:ACU - Get Free Report) Director Brian Barker sold 3,435 shares of Acme United stock in a transaction on Monday, November 9th. The shares were sold at an average price of $69.03, for a total value of $237,118.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Brian Barker also recently made the following trade(s):

• On Thursday, August 13th, Brian Barker sold 3,821 shares of Acme United stock. The shares were sold at an average price of $60.50, for a total value of $231,170.50.

Acme United Stock Up 1.5%

ACU stock traded up $1.04 during mid-day trading on Tuesday, hitting $70.28. The stock had a trading volume of 42,111 shares, compared to its average volume of 25,190. 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 Co. has a 1-year low of $35.50 and a 1-year high of $72.21. The company has a fifty day moving average of $63.69 and a 200 day moving average of $51.10. The stock has a market capitalization of $267.77 million, a price-to-earnings ratio of 14.37 and a beta of 0.35.

Acme United Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Friday, October 2nd were issued a $0.16 dividend. The ex-dividend date was Friday, October 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.9%. Acme United's dividend payout ratio is currently 23.53%.

Hedge Funds Weigh In On Acme United

Several institutional investors have recently bought and sold shares of ACU. Integrated Wealth Concepts LLC acquired a new stake in Acme United in the 2nd quarter worth approximately $28,000. Deutsche Bank AG acquired a new position in Acme United during the second quarter valued at approximately $162,000. Empowered Funds LLC acquired a new position in Acme United during the first quarter valued at approximately $234,000. NewEdge Advisors LLC bought a new position in shares of Acme United in the first quarter valued at approximately $267,000. Finally, Simplicity Wealth LLC bought a new position in shares of Acme United in the third quarter valued at approximately $371,000. 62.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Freedom Broker lifted their target price on shares of Acme United from $58.00 to $70.00 and gave the company a "hold" rating in a research note on Wednesday, October 28th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $70.00.

About Acme United

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.

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