Acme United (NYSE:ACU) Stock: Insider Brian Olschan Sells 14,205 Shares

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 14,205 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $69.14, for a total transaction of $982,133.70. Following the completion of the transaction, the chief operating officer directly owned 42,430 shares of the company’s stock, valued at approximately $2,933,610.20. The trade was a 25.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Acme United Stock Performance

Shares of Acme United stock opened at $68.84 on Friday. The company’s 50 day moving average price is $63.45 and its two-hundred day moving average price is $50.85. The firm has a market capitalization of $262.28 million, a P/E ratio of 14.08 and a beta of 0.35. Acme United Co. has a fifty-two week low of $35.50 and a fifty-two week high of $72.21. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Friday, October 2nd were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.9%. Acme United’s dividend payout ratio (DPR) is 23.53%.

Analyst Ratings Changes

Separately, Freedom Broker boosted their price objective on Acme United from $58.00 to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, October 28th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ACU. Ritholtz Wealth Management grew its holdings in Acme United by 2.8% during the 3rd quarter. Ritholtz Wealth Management now owns 8,498 shares of the company’s stock worth $539,000 after acquiring an additional 234 shares during the last quarter. Renaissance Technologies LLC increased 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 acquiring an additional 451 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Acme United in the 2nd quarter valued at approximately $28,000. Deutsche Bank AG bought a new position in shares of Acme United during the second quarter valued at $162,000. Finally, Empowered Funds LLC bought a new position in shares of Acme United during the first quarter valued at $234,000. Institutional investors and hedge funds own 62.10% of the company’s stock.

About Acme United

Acme United Corporation is a manufacturer and supplier of first aid and medical products, cutting instruments, measuring tools and school and office supplies. The company serves the consumer, industrial, medical, school and office markets through a portfolio of branded and private-label products.

Its product offerings include workplace first aid cabinets and kits, medical and emergency supplies, scissors, shears, knives, sharpeners, rulers and other measuring instruments. Acme United markets products under brands such as PhysiciansCare, First Aid Only, Pac-Kit, Westcott and Clauss.

Founded in 1867, Acme United is headquartered in Fairfield, Connecticut, and serves customers in the United States, Canada and Europe.