Insider Selling: Acme United (NYSE:ACU) COO Sells $55,671.75 in Stock

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 981 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $56.75, for a total value of $55,671.75. Following the sale, the chief operating officer owned 51,099 shares in the company, valued at approximately $2,899,868.25. This trade represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Acme United Trading Down 0.6%

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

Acme United Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders 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 26.89%.

Institutional Investors Weigh In On Acme United

Institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC increased its holdings in shares of Acme United by 1.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 23,659 shares of the company’s stock valued at $981,000 after purchasing an additional 236 shares in the last quarter. Cetera Investment Advisers grew its holdings in Acme United by 8.2% during the 2nd quarter. Cetera Investment Advisers now owns 5,672 shares of the company’s stock valued at $235,000 after buying an additional 428 shares during the last quarter. Renaissance Technologies LLC increased its position in Acme United by 0.4% during the 1st quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock worth $5,235,000 after purchasing an additional 451 shares in the last quarter. First Trust Advisors LP raised its position in shares of Acme United by 5.5% in the second quarter. First Trust Advisors LP now owns 10,647 shares of the company’s stock valued at $441,000 after buying an additional 551 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Acme United by 12.2% during the 4th quarter. Barclays PLC now owns 5,274 shares of the company’s stock worth $213,000 after purchasing an additional 575 shares during the period. Hedge funds and other institutional investors 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.