Insider Selling: Acme United (NYSE:ACU) COO Sells $302,699.28 in Stock

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 5,304 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $57.07, for a total transaction of $302,699.28. Following the sale, the chief operating officer owned 41,670 shares of the company’s stock, valued at approximately $2,378,106.90. The trade was a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Acme United Stock Down 0.6%

Shares of NYSE ACU opened at $60.40 on Friday. The company has a 50 day simple moving average of $50.15 and a 200-day simple moving average of $45.83. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. The company has a market capitalization of $230.12 million, a P/E ratio of 12.35 and a beta of 0.47. Acme United Co. has a 1 year low of $35.50 and a 1 year high of $61.26.

Acme United Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd were given a dividend of $0.16 per share. The ex-dividend date was Thursday, July 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.1%. Acme United’s dividend payout ratio (DPR) is currently 26.89%.

Hedge Funds Weigh In On Acme United

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Acme United in the second quarter valued at approximately $8,578,000. Bard Associates Inc. acquired a new stake in Acme United in the second quarter valued at $5,163,000. Geode Capital Management LLC raised its position in shares of Acme United by 116.6% during the 2nd quarter. Geode Capital Management LLC now owns 75,267 shares of the company’s stock worth $3,120,000 after acquiring an additional 40,524 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Acme United during the second quarter worth approximately $1,627,000. Finally, Bank of New York Mellon Corp acquired a new stake in Acme United during the 2nd quarter worth $1,509,000. 62.10% of the stock is owned by institutional investors and hedge funds.

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.