Insider Selling: Acme United Corp. COO Sells 1,615 Shares of Stock (ACU)
Acme United Corp. (NYSE:ACU) COO Brian S. Olschan sold 1,615 shares of the stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $16.75, for a total value of $27,051.25. Following the completion of the transaction, the chief operating officer now directly owns 39,576 shares of the company’s stock, valued at approximately $662,898. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Acme United Corp. (NYSE:ACU) traded up 0.25% during mid-day trading on Tuesday, hitting $16.7525. The stock had a trading volume of 2,723 shares. Acme United Corp. has a 52-week low of $10.62 and a 52-week high of $19.47. The stock has a 50-day moving average of $16.8 and a 200-day moving average of $16.53. The company has a market cap of $53.8 million and a price-to-earnings ratio of 13.01.
Acme United Corp. (NYSE:ACU) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $33.40 million for the quarter, compared to the consensus estimate of $31.60 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. Analysts expect that Acme United Corp. will post $1.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 16th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Monday, September 29th. This is an increase from Acme United Corp.’s previous quarterly dividend of $0.08.
ACU has been the subject of a number of recent research reports. Analysts at Singular Research raised their price target on shares of Acme United Corp. from $19.00 to $20.00 in a research note on Thursday, July 24th. They now have a “buy” rating on the stock.
Acme United Corporation is a worldwide supplier of cutting, measuring and safety products to the school, home, office, hardware and industrial markets.
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