Insider Selling: Acme United (NYSE:ACU) Director Sells 3,684 Shares

Key Points

• Acme United Director Rex Lynn Davidson sold 3,684 shares at an average price of $56.48, generating approximately $208,072. After the sale, Davidson retained 6,228 shares, reducing the position by 37.17%.
• Acme United shares rose to $57.35, near their one-year high of $60.07. The company has a $218.5 million market capitalization, a price-to-earnings ratio of 11.73, and a 1.1% dividend yield.
• Institutional investors own 62.10% of the company, with firms including BlackRock, State Street, Renaissance Technologies, and Geode Capital recently increasing or initiating positions.

Acme United Co. (NYSE:ACU - Get Free Report) Director Rex Lynn Davidson sold 3,684 shares of Acme United stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $56.48, for a total value of $208,072.32. Following the completion of the transaction, the director owned 6,228 shares of the company's stock, valued at approximately $351,757.44. The trade was a 37.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Acme United Stock Performance

Shares of NYSE ACU traded up $0.78 during trading on Tuesday, reaching $57.35. The stock had a trading volume of 21,915 shares, compared to its average volume of 18,807. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41. The stock has a market cap of $218.50 million, a PE ratio of 11.73 and a beta of 0.47. Acme United Co. has a one year low of $35.50 and a one year high of $60.07. The firm's 50 day moving average price is $48.84 and its two-hundred day moving average price is $45.39.

Acme United Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, July 2nd. This represents a $0.64 annualized dividend and a yield of 1.1%. Acme United's payout ratio is presently 26.89%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Capital Management Corp VA grew its position in shares of Acme United by 0.5% during the 4th quarter. Capital Management Corp VA now owns 540,341 shares of the company's stock valued at $21,781,000 after buying an additional 2,510 shares during the last quarter. BlackRock Inc. bought a new position in Acme United in the second quarter worth about $8,578,000. Renaissance Technologies LLC boosted its stake in Acme United by 0.4% in the first 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 during the period. Geode Capital Management LLC boosted its stake in Acme United by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 76,102 shares of the company's stock valued at $3,068,000 after acquiring an additional 926 shares during the period. Finally, State Street Corp grew its holdings in shares of Acme United by 5.9% during the fourth quarter. State Street Corp now owns 40,372 shares of the company's stock valued at $1,627,000 after purchasing an additional 2,238 shares during the last quarter. 62.10% of the stock is currently owned by institutional investors.

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.

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