Richmond Y. Holden, Jr. Sells 450 Shares of Acme United Co. (ACU) Stock

Acme United Co. (NYSEMKT:ACU) Director Richmond Y. Holden, Jr. sold 450 shares of Acme United stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $27.58, for a total transaction of $12,411.00. Following the completion of the transaction, the director now directly owns 15,250 shares of the company’s stock, valued at $420,595. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Acme United Co. (NYSEMKT ACU) opened at 27.70 on Friday. The firm’s 50-day moving average is $27.86 and its 200-day moving average is $27.06. The firm has a market capitalization of $93.38 million, a price-to-earnings ratio of 18.34 and a beta of 0.53. Acme United Co. has a 1-year low of $19.29 and a 1-year high of $29.49.

Acme United (NYSEMKT:ACU) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by $0.25. Acme United had a return on equity of 23.79% and a net margin of 7.33%. The company had revenue of $38.85 million for the quarter, compared to the consensus estimate of $45.20 million. On average, equities analysts anticipate that Acme United Co. will post $1.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 3rd. Shareholders of record on Thursday, July 20th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, July 18th. This represents a $0.44 dividend on an annualized basis and a yield of 1.59%. This is a positive change from Acme United’s previous quarterly dividend of $0.10. Acme United’s dividend payout ratio is currently 26.32%.

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Large investors have recently modified their holdings of the company. Advisor Group Inc. bought a new stake in shares of Acme United during the second quarter worth approximately $447,000. FMR LLC bought a new stake in shares of Acme United during the second quarter worth approximately $815,000. Vanguard Group Inc. raised its stake in shares of Acme United by 15.9% in the second quarter. Vanguard Group Inc. now owns 76,461 shares of the company’s stock worth $2,187,000 after buying an additional 10,498 shares in the last quarter. Northern Trust Corp bought a new stake in shares of Acme United during the second quarter worth approximately $214,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Acme United during the second quarter worth approximately $423,000.

Separately, Zacks Investment Research raised shares of Acme United from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st.

Acme United Company Profile

Acme United Corporation is a supplier of cutting, measuring, first aid and sharpening products to the school, home, office, hardware, sporting goods and industrial markets. The Company operates in three segments: United States (including Asian operations), Canada and Europe. Its operations in the United States, Canada and Europe are involved in product development, marketing, sales, administrative and distribution activities.

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