Insider Selling: Acme United (NYSE:ACU) Director Sells $231,170.50 in Stock

Key Points

• Director Brian Barker sold 3,821 Acme United shares at an average price of $60.50, generating proceeds of $231,170.50. The transaction was disclosed in an SEC filing.
• Acme United shares recently traded at $61.91, near their 12-month high of $63.17, with a market capitalization of approximately $235.9 million.
• The company pays a quarterly dividend of $0.16 per share, equivalent to an annualized $0.64 dividend and a 1.0% yield; institutional investors own 62.1% of the stock.

Acme United Co. (NYSE:ACU - Get Free Report) Director Brian Barker sold 3,821 shares of the company's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $60.50, for a total transaction of $231,170.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Acme United Stock Performance

Acme United stock traded up $1.51 during midday trading on Monday, reaching $61.91. 70,497 shares of the company traded hands, compared to its average volume of 19,254. The firm has a market capitalization of $235.88 million, a price-to-earnings ratio of 12.66 and a beta of 0.47. The business has a 50 day moving average of $50.15 and a two-hundred day moving average of $45.85. Acme United Co. has a 12 month low of $35.50 and a 12 month high of $63.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91.

Acme United Dividend Announcement

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

Institutional Trading of Acme United

Large investors have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in Acme United by 3,048.9% in the second quarter. Bank of America Corp DE now owns 1,480 shares of the company's stock valued at $61,000 after acquiring an additional 1,433 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Acme United during the 2nd quarter valued at about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Acme United during the 2nd quarter valued at about $75,000. Raymond James Financial Inc. purchased a new stake in shares of Acme United during the 2nd quarter valued at about $76,000. Finally, New York State Common Retirement Fund bought a new position in shares of Acme United in the 2nd quarter worth approximately $104,000. Institutional investors own 62.10% of the company's stock.

Acme United Company Profile

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.

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