Acme United Co. (NYSE:ACU) COO Sells $40,050.01 in Stock

Acme United Co. (NYSE:ACU) COO Brian S. Olschan sold 1,001 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $40.01, for a total transaction of $40,050.01. Following the completion of the sale, the chief operating officer now directly owns 41,209 shares in the company, valued at $1,648,772.09. This trade represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Acme United Stock Performance

Shares of NYSE:ACU opened at $39.68 on Friday. The firm has a market cap of $150.43 million, a PE ratio of 8.11 and a beta of 0.65. The firm’s 50 day simple moving average is $39.42 and its 200-day simple moving average is $39.04. Acme United Co. has a one year low of $32.85 and a one year high of $50.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41.

Acme United (NYSE:ACU) last issued its earnings results on Thursday, April 17th. The company reported $0.41 EPS for the quarter. Acme United had a net margin of 10.25% and a return on equity of 9.70%. During the same quarter last year, the firm earned $0.39 EPS.

Acme United Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Wednesday, March 26th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Wednesday, March 26th. Acme United’s dividend payout ratio (DPR) is presently 24.49%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Acme United from a “hold” rating to a “buy” rating in a research report on Friday, May 9th.

Hedge Funds Weigh In On Acme United

A number of institutional investors have recently modified their holdings of the stock. Capital Management Corp VA increased its position in shares of Acme United by 0.7% during the first quarter. Capital Management Corp VA now owns 574,071 shares of the company’s stock worth $22,739,000 after acquiring an additional 4,222 shares during the period. Mink Brook Asset Management LLC increased its holdings in Acme United by 22.4% during the first quarter. Mink Brook Asset Management LLC now owns 320,341 shares of the company’s stock valued at $12,689,000 after buying an additional 58,729 shares during the period. Royce & Associates LP increased its holdings in Acme United by 25.0% during the fourth quarter. Royce & Associates LP now owns 169,664 shares of the company’s stock valued at $6,334,000 after buying an additional 33,952 shares during the period. Envestnet Asset Management Inc. increased its holdings in Acme United by 11.5% during the first quarter. Envestnet Asset Management Inc. now owns 51,834 shares of the company’s stock valued at $2,053,000 after buying an additional 5,347 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Acme United by 59.7% during the fourth quarter. Bank of New York Mellon Corp now owns 28,165 shares of the company’s stock valued at $1,051,000 after buying an additional 10,531 shares during the period. 62.10% of the stock is owned by hedge funds and other institutional investors.

Acme United Company Profile

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.