Acme United (NYSE:ACU) COO Brian Olschan Sells 4,833 Shares

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 4,833 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $42.00, for a total transaction of $202,986.00. Following the sale, the chief operating officer owned 41,172 shares of the company’s stock, valued at approximately $1,729,224. The trade was a 10.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Acme United Stock Down 0.5%

ACU stock opened at $42.20 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. Acme United Co. has a 1-year low of $35.50 and a 1-year high of $47.31. The firm has a fifty day moving average price of $43.35 and a two-hundred day moving average price of $42.04. The firm has a market cap of $160.78 million, a price-to-earnings ratio of 8.63 and a beta of 0.51.

Acme United Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, March 25th were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, March 25th. This represents a $0.64 annualized dividend and a yield of 1.5%. Acme United’s payout ratio is presently 27.59%.

Hedge Funds Weigh In On Acme United

Several institutional investors have recently modified their holdings of the company. Bridgeway Capital Management LLC grew its position in shares of Acme United by 1.0% during the second quarter. Bridgeway Capital Management LLC now owns 23,659 shares of the company’s stock worth $981,000 after acquiring an additional 236 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Acme United by 1.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 37,431 shares of the company’s stock valued at $1,541,000 after buying an additional 395 shares in the last quarter. Cetera Investment Advisers grew its position in Acme United by 8.2% in 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 in the last quarter. Renaissance Technologies LLC grew its position in Acme United by 0.4% in the 1st quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock valued at $5,235,000 after buying an additional 451 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Acme United by 5.5% in the 2nd 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 in the last quarter. Institutional investors own 62.10% of the company’s stock.

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.