Acme United (NYSE:ACU) Stock: Insider Brian Olschan Sells 1,258 Shares

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 1,258 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $71.52, for a total transaction of $89,972.16. Following the transaction, the chief operating officer owned 41,172 shares of the company’s stock, valued at approximately $2,944,621.44. This represents a 2.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Acme United Price Performance

NYSE:ACU traded up $1.25 during trading hours on Wednesday, reaching $70.75. The stock had a trading volume of 32,220 shares, compared to its average volume of 24,836. The company has a 50 day moving average price of $63.15 and a two-hundred day moving average price of $50.59. Acme United Co. has a 52 week low of $35.50 and a 52 week high of $71.99. 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 $269.56 million, a PE ratio of 14.47 and a beta of 0.40.

Acme United Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Friday, October 2nd were given a $0.16 dividend. The ex-dividend date was Friday, October 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.9%. Acme United’s dividend payout ratio (DPR) is currently 23.53%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ACU. Integrated Wealth Concepts LLC acquired a new stake in shares of Acme United in the second quarter worth $28,000. Deutsche Bank AG purchased a new stake in Acme United during the 2nd quarter worth approximately $162,000. Empowered Funds LLC purchased a new stake in shares of Acme United during the first quarter worth approximately $234,000. Simplicity Wealth LLC acquired a new stake in shares of Acme United in the third quarter valued at about $371,000. Finally, NewEdge Advisors LLC acquired a new stake in Acme United in the 1st quarter valued at about $267,000. 62.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Freedom Broker lifted their price target on shares of Acme United from $58.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Acme United currently has an average rating of “Buy” and an average target price of $70.00.

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.