Acme United (NYSE:ACU) COO Sells $222,040.00 in Stock

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $55.51, for a total value of $222,040.00. Following the completion of the sale, the chief operating officer owned 47,099 shares in the company, valued at approximately $2,614,465.49. This represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Acme United Trading Down 0.6%

Shares of ACU opened at $60.40 on Friday. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The stock 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 1 year low of $35.50 and a 1 year high of $61.26. The stock has a 50 day simple moving average of $50.15 and a 200-day simple moving average of $45.83.

Acme United Dividend Announcement

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 dividend yield of 1.1%. Acme United’s dividend payout ratio (DPR) is presently 26.89%.

Institutional Investors Weigh In On Acme United

Large investors have recently made changes to their positions in the company. Capital Management Corp VA increased its position 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 worth $21,781,000 after purchasing an additional 2,510 shares in the last quarter. BlackRock Inc. acquired a new position in Acme United in the second quarter valued at about $8,578,000. Renaissance Technologies LLC boosted its position in Acme United by 0.4% in the first 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. Bard Associates Inc. bought a new stake in Acme United during the second quarter worth about $5,163,000. Finally, Geode Capital Management LLC grew its stake in Acme United by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 76,102 shares of the company’s stock worth $3,068,000 after buying an additional 926 shares during the last quarter. 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.