Acme United (NYSE:ACU) COO Sells $202,986.00 in Stock

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 4,833 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $42.00, for a total value of $202,986.00. Following the completion of the sale, the chief operating officer directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link.

Acme United Stock Down 0.5%

Shares of NYSE ACU traded down $0.22 during trading hours on Friday, hitting $42.20. The stock had a trading volume of 13,329 shares, compared to its average volume of 16,660. The company has a market capitalization of $160.78 million, a P/E ratio of 8.63 and a beta of 0.51. The firm’s 50-day moving average price is $43.37 and its two-hundred day moving average price is $42.04. Acme United Co. has a 52 week low of $35.50 and a 52 week high of $47.31. 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 Announces Dividend

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

Institutional Investors Weigh In On Acme United

Several large investors have recently made changes to their positions in the company. Empowered Funds LLC bought a new stake in shares of Acme United in the 1st quarter valued at approximately $234,000. Renaissance Technologies LLC grew its stake in shares of 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. James Investment Research Inc. bought a new stake in shares of Acme United in the 1st quarter valued at approximately $217,000. Barclays PLC grew its stake in shares of Acme United by 12.2% in the 4th quarter. Barclays PLC now owns 5,274 shares of the company’s stock valued at $213,000 after buying an additional 575 shares in the last quarter. Finally, Advyzon Investment Management LLC bought a new stake in shares of Acme United in the 4th quarter valued at approximately $503,000. 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.