Brian Olschan Sells 7,308 Shares of Acme United (NYSE:ACU) Stock

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 7,308 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $61.48, for a total transaction of $449,295.84. Following the completion of the transaction, the chief operating officer owned 41,172 shares in the company, valued at approximately $2,531,254.56. The trade was a 15.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Acme United Trading Up 1.7%

Shares of ACU stock opened at $62.10 on Friday. The company has a 50 day moving average of $51.55 and a 200-day moving average of $46.43. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. Acme United Co. has a 12-month low of $35.50 and a 12-month high of $63.40. The firm has a market cap of $236.60 million, a P/E ratio of 12.70 and a beta of 0.47.

Acme United Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, July 2nd. Acme United’s dividend payout ratio is currently 26.89%.

Institutional Investors Weigh In On Acme United

Several large investors have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC boosted its position in Acme United by 1.0% during the second quarter. Bridgeway Capital Management LLC now owns 23,659 shares of the company’s stock worth $981,000 after purchasing an additional 236 shares during the period. Cetera Investment Advisers lifted its stake in shares of Acme United by 8.2% during the 2nd quarter. Cetera Investment Advisers now owns 5,672 shares of the company’s stock valued at $235,000 after buying an additional 428 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Acme United by 0.4% in the 1st quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock worth $5,235,000 after buying an additional 451 shares during the period. First Trust Advisors LP grew its stake in Acme United by 5.5% in the 2nd quarter. First Trust Advisors LP now owns 10,647 shares of the company’s stock valued at $441,000 after buying an additional 551 shares in the last quarter. Finally, Barclays PLC raised its holdings in Acme United by 12.2% during the 4th quarter. Barclays PLC now owns 5,274 shares of the company’s stock valued at $213,000 after acquiring an additional 575 shares during the period. Hedge funds and other 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.