Insider Selling: Acme United (NYSE:ACU) COO Sells $202,986.00 in Stock

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 4,833 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $42.00, for a total value of $202,986.00. Following the sale, the chief operating officer owned 41,172 shares in the company, valued at approximately $1,729,224. The trade was a 10.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Acme United Price Performance

Acme United stock opened at $42.20 on Monday. 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 business’s 50-day simple moving average is $43.35 and its two-hundred day simple moving average is $42.08. The company has a market cap of $160.78 million, a PE ratio of 8.63 and a beta of 0.51. Acme United Co. has a fifty-two week low of $35.50 and a fifty-two week high of $47.31.

Acme United Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, March 25th were paid a $0.16 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.5%. Acme United’s dividend payout ratio is presently 27.59%.

Institutional Trading of Acme United

A number of hedge funds have recently modified their holdings of the stock. Capital Management Corp VA boosted its stake in shares of Acme United by 0.5% in the fourth quarter. Capital Management Corp VA now owns 540,341 shares of the company’s stock worth $21,781,000 after buying an additional 2,510 shares during the last quarter. Mink Brook Asset Management LLC boosted its stake in shares of Acme United by 0.3% in the third quarter. Mink Brook Asset Management LLC now owns 379,893 shares of the company’s stock worth $15,644,000 after buying an additional 951 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Acme United by 0.4% in the first 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 last quarter. Geode Capital Management LLC boosted its stake in shares of Acme United by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 76,102 shares of the company’s stock worth $3,068,000 after buying an additional 926 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Acme United by 5.9% in the fourth quarter. State Street Corp now owns 40,372 shares of the company’s stock worth $1,627,000 after buying an additional 2,238 shares during the last quarter. 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.