Acme United Corp. Insider Sells $10,200 in Stock (ACU)
Acme United Corp. (NYSE:ACU) Insider Brian S. Olschan unloaded 605 shares of Acme United Corp. stock on the open market in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $16.86, for a total transaction of $10,200.30. Following the completion of the sale, the insider now directly owns 39,576 shares in the company, valued at approximately $667,251. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Acme United Corp. (NYSE:ACU) traded down 0.42% on Friday, hitting $16.55. 958 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 $53.1 million and a price-to-earnings ratio of 12.94.
Acme United Corp. (NYSE:ACU) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters 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 in the prior 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.