Acme United (NYSE:ACU) COO Sells 7,308 Shares

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 7,308 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $61.48, for a total transaction of $449,295.84. Following the completion of the sale, the chief operating officer owned 41,172 shares of the company’s stock, valued at $2,531,254.56. This trade represents a 15.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Acme United Stock Performance

Shares of ACU traded down $1.77 during trading hours on Wednesday, reaching $61.06. 28,388 shares of the company traded hands, compared to its average volume of 19,520. The stock has a market capitalization of $232.64 million, a P/E ratio of 12.49 and a beta of 0.47. The business has a fifty day moving average price of $50.89 and a 200-day moving average price of $46.15. Acme United Co. has a 12-month low of $35.50 and a 12-month high of $63.40. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 1.0%. Acme United’s dividend payout ratio (DPR) is presently 26.89%.

Institutional Investors Weigh In On Acme United

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Acme United in the 2nd quarter valued at $8,578,000. Bard Associates Inc. acquired a new position in Acme United during the second quarter worth $5,163,000. Geode Capital Management LLC increased its holdings in shares of Acme United by 116.6% in the second quarter. Geode Capital Management LLC now owns 75,267 shares of the company’s stock valued at $3,120,000 after purchasing an additional 40,524 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Acme United in the second quarter valued at about $1,627,000. Finally, Bank of New York Mellon Corp acquired a new position in Acme United in the second quarter valued at about $1,509,000. Institutional investors and hedge funds own 62.10% of the company’s stock.

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.