Acme United Corp. Insider Sells 605 Shares (ACU)
Acme United Corp. (NYSE:ACU) Insider Brian S. Olschan sold 605 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $16.86, for a total value of $10,200.30. Following the completion of the sale, the insider now directly owns 39,576 shares of the company’s stock, valued at approximately $667,251. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Acme United Corp. (NYSE:ACU) traded down 0.71% during mid-day trading on Wednesday, hitting $16.85. 6,349 shares of the company’s stock traded hands. Acme United Corp. has a 52-week low of $10.62 and a 52-week high of $19.47. The stock’s 50-day moving average is $16.81 and its 200-day moving average is $16.46. The company has a market cap of $54.1 million and a price-to-earnings ratio of 13.22.
Acme United Corp. (NYSE:ACU) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.01. The company had revenue of $33.40 million for the quarter, compared to the consensus estimate of $31.60 million. During the same quarter last year, the company posted $0.68 earnings per share. Analysts expect that Acme United Corp. will post $1.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 16th. Investors of record on Wednesday, October 1st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Monday, September 29th. This is an increase from Acme United Corp.’s previous quarterly dividend of $0.08.
Several analysts have recently commented on the stock. Analysts at Singular Research raised their price target on shares of Acme United Corp. from $19.00 to $20.00 in a research note on Thursday, July 24th. They now have a “buy” rating on the stock.
Acme United Corporation is a worldwide supplier of cutting, measuring and safety products to the school, home, office, hardware and industrial markets.
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