Acme United (NYSE:ACU) COO Sells $19,794.21 in Stock

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 339 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $58.39, for a total transaction of $19,794.21. Following the completion of the sale, the chief operating officer directly owned 41,172 shares of the company’s stock, valued at $2,404,033.08. The trade was a 0.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Acme United Trading Down 0.6%

ACU opened at $60.40 on Friday. The firm’s fifty day moving average is $50.15 and its two-hundred day moving average is $45.83. The firm has a market cap of $230.12 million, a PE ratio of 12.35 and a beta of 0.47. Acme United Co. has a twelve month low of $35.50 and a twelve month high of $61.26. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. Acme United’s dividend payout ratio (DPR) is presently 26.89%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACU. Indivisible Partners bought a new stake in shares of Acme United in the fourth quarter worth about $562,000. Capital Management Corp VA lifted its holdings in shares of Acme United by 0.5% during the 4th quarter. Capital Management Corp VA now owns 540,341 shares of the company’s stock valued at $21,781,000 after purchasing an additional 2,510 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Acme United by 68.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,649 shares of the company’s stock valued at $109,000 after purchasing an additional 1,079 shares in the last quarter. Manatuck Hill Partners LLC acquired a new position in shares of Acme United in the 2nd quarter valued at approximately $379,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Acme United in the 1st quarter valued at approximately $267,000. 62.10% of the stock is currently owned by institutional investors.

Acme United Company Profile

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.