Acme United Corp. COO Sells $28,679 in Stock (ACU)
Acme United Corp. (NYSE:ACU) COO Brian S. Olschan unloaded 1,700 shares of Acme United Corp. stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $16.87, for a total value of $28,679.00. Following the completion of the sale, the chief operating officer now directly owns 39,576 shares of the company’s stock, valued at approximately $667,647. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on ACU. 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 Corp. (NYSE:ACU) remained flat at $16.80 during during mid-day trading trading on Wednesday. The stock had a trading volume of 7,630 shares. Acme United Corp. has a 1-year low of $10.62 and a 1-year high of $19.47. The stock’s 50-day moving average is $16.82 and its 200-day moving average is $16.72. The company has a market cap of $54.4 million and a P/E ratio of 13.08.
Acme United Corp. (NYSE:ACU) last announced its earnings results on Thursday, July 24th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.68 earnings per share. On average, analysts predict that Acme United Corp. will post $1.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 16th. Shareholders 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 a positive change from Acme United Corp.’s previous quarterly dividend of $0.08.
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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