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

Acme United Co. (NYSE:ACU) Director Brian Barker sold 3,435 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $69.03, for a total value of $237,118.05. The transaction was disclosed in a legal filing 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 stock was sold at an average price of $60.50, for a total value of $231,170.50.

Acme United Stock Performance

NYSE ACU opened at $70.28 on Wednesday. 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 Co. has a fifty-two week low of $35.50 and a fifty-two week high of $72.21. The business has a fifty day moving average of $63.85 and a 200-day moving average of $51.23. The stock has a market cap of $267.77 million, a price-to-earnings ratio of 14.37 and a beta of 0.35.

Acme United Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Freedom Broker upped their target price on shares of Acme United from $58.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $70.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in shares of Acme United during the second quarter worth $1,509,000. Nantahala Capital Management LLC purchased a new stake in shares of Acme United in the second quarter valued at $974,776. BlackRock Inc. purchased a new stake in shares of Acme United in the second quarter valued at $8,578,000. Bard Associates Inc. acquired a new position in Acme United in the second quarter valued at $5,163,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Acme United in the second quarter valued at $1,627,000. 62.10% of the stock is currently owned by institutional investors and hedge funds.

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.