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

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 7,308 shares of Acme United stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $61.48, for a total value of $449,295.84. Following the completion of the sale, the chief operating officer directly owned 41,172 shares in the company, valued at $2,531,254.56. This trade represents a 15.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Acme United Trading Down 2.8%

ACU stock opened at $61.06 on Thursday. Acme United Co. has a twelve month low of $35.50 and a twelve month high of $63.40. The firm’s fifty day simple moving average is $51.21 and its two-hundred day simple moving average is $46.29. The stock has a market capitalization of $232.64 million, a price-to-earnings ratio of 12.49 and a beta of 0.47. 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 Dividend Announcement

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

Institutional Trading of Acme United

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of Acme United by 3,048.9% during the 2nd quarter. Bank of America Corp DE now owns 1,480 shares of the company’s stock worth $61,000 after purchasing an additional 1,433 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Acme United in the second quarter worth about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Acme United during the 2nd quarter worth approximately $75,000. Raymond James Financial Inc. purchased a new stake in Acme United in the 2nd quarter valued at $76,000. Finally, New York State Common Retirement Fund acquired a new stake in Acme United during the second quarter worth about $104,000. Hedge funds and other institutional investors own 62.10% of the company’s stock.

Acme United Company Profile

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.