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

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 339 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $58.39, for a total value 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. This represents a 0.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Acme United Stock Performance

Shares of NYSE ACU opened at $59.59 on Thursday. 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 firm has a market cap of $227.04 million, a price-to-earnings ratio of 12.19 and a beta of 0.47. The business’s 50-day simple moving average is $49.48 and its 200-day simple moving average is $45.59. Acme United Co. has a 52 week low of $35.50 and a 52 week high of $60.07.

Acme United Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ACU. Indivisible Partners bought a new stake in Acme United during the fourth quarter valued at about $562,000. Capital Management Corp VA increased its stake in shares of Acme United by 0.5% in 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 period. JPMorgan Chase & Co. increased its stake in shares of Acme United by 68.7% in the third quarter. JPMorgan Chase & Co. now owns 2,649 shares of the company’s stock worth $109,000 after purchasing an additional 1,079 shares during the period. CM Wealth Advisors LLC acquired a new position in shares of Acme United during the 2nd quarter worth about $465,000. Finally, BlackRock Inc. acquired a new position in shares of Acme United during the 2nd quarter worth about $8,578,000. 62.10% of the stock is currently owned by institutional investors and hedge funds.

Key Acme United News

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

• Positive Sentiment: Institutional investors own approximately 62.1% of ACU. Bank of America significantly increased its position, while JPMorgan Chase, Mirae Asset, Raymond James and the New York State Common Retirement Fund initiated stakes during the second quarter. Other institutions, including Cetera Investment Advisers and First Trust Advisors, also added shares, potentially providing demand and credibility. Institutional trading and dividend report
• Positive Sentiment: Acme United continues to pay a quarterly dividend of $0.16, or $0.64 annually, yielding roughly 1.1%. Its payout ratio of about 26.9% indicates the dividend is currently supported by earnings.
• Neutral Sentiment: ACU trades well above its 50-day and 200-day moving averages, reflecting strong recent momentum. Its current ratio of 4.41, quick ratio of 1.91 and debt-to-equity ratio of 0.30 indicate financial flexibility. Still, the stock is close to its 12-month high, which could increase the risk of profit-taking.
• Negative Sentiment: COO Brian S. Olschan sold 10,909 shares for approximately $616,449 in transactions from August 3 through August 12, reducing his holdings by roughly 21%. Director Rex Lynn Davidson also sold 3,684 shares worth about $208,072, cutting his direct ownership by 37.2%. The concentrated insider selling near recent highs is a cautionary signal, although the transactions may reflect personal liquidity needs. SEC insider ownership filing

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.