Brian Olschan Sells 339 Shares of Acme United (NYSE:ACU) Stock

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

Acme United Trading Up 3.9%

NYSE ACU traded up $2.24 during trading on Wednesday, hitting $59.59. The stock had a trading volume of 31,785 shares, compared to its average volume of 18,892. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41. The stock has a market capitalization of $227.04 million, a price-to-earnings ratio of 12.19 and a beta of 0.47. Acme United Co. has a one year low of $35.50 and a one year high of $60.07. The stock has a 50 day simple moving average of $49.14 and a 200 day simple moving average of $45.49.

Acme United Dividend Announcement

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

Acme United News Summary

Here are the key news stories impacting Acme United this week:

• Positive Sentiment: Institutional ownership remains substantial at 62.1%, with Bank of America sharply increasing its position and JPMorgan Chase, Mirae Asset Global ETFs, Raymond James and the New York State Common Retirement Fund initiating positions during the second quarter. These purchases provide a favorable signal about institutional interest in ACU.
• Positive Sentiment: Acme United continues to pay a quarterly dividend of $0.16, or $0.64 annually, representing an approximately 1.1% yield and a payout ratio below 30%. The dividend adds income appeal and suggests the company has room to maintain shareholder distributions. Acme United insider trading and dividend information
• Neutral Sentiment: The stock is trading well above its 50-day and 200-day moving averages and near its 52-week high. Its valuation remains moderate, with a P/E ratio near 12, while low leverage and strong liquidity may support the recent momentum; however, the sharp advance could also increase the risk of profit-taking.
• Negative Sentiment: COO Brian S. Olschan sold 10,909 shares in a series of transactions from August 3 through August 12 for approximately $616,449. The largest sale was 5,304 shares, reducing his position by 11.29%; he still owns more than 41,000 shares, but the repeated selling may signal that an executive is taking profits after the stock’s rally. SEC insider ownership filing
• Negative Sentiment: Director Rex Lynn Davidson sold 3,684 shares for approximately $208,072, reducing his holdings by 37.17%. Multiple insider sales totaling roughly $825,000 could temper enthusiasm, although the transactions do not necessarily indicate a change in Acme United’s operating outlook. Rex Lynn Davidson Acme United insider sale

Hedge Funds Weigh In On Acme United

Hedge funds have recently bought and sold shares of the business. Indivisible Partners purchased a new stake in Acme United in the fourth quarter worth $562,000. Capital Management Corp VA lifted its position in shares of Acme United by 0.5% during the fourth quarter. Capital Management Corp VA now owns 540,341 shares of the company’s stock worth $21,781,000 after purchasing an additional 2,510 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Acme United by 68.7% during the third 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 during the period. CM Wealth Advisors LLC purchased a new stake in shares of Acme United during the second quarter valued at $465,000. Finally, BlackRock Inc. bought a new position in shares of Acme United in the second quarter worth about $8,578,000. 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.