Acme United (NYSE:ACU) COO Sells 4,833 Shares

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

Acme United Trading Down 0.5%

ACU traded down $0.22 during trading on Friday, reaching $42.20. The company had a trading volume of 13,329 shares, compared to its average volume of 16,660. The firm’s 50-day simple moving average is $43.37 and its 200 day simple moving average is $42.04. The company has a market cap of $160.78 million, a price-to-earnings ratio of 8.63 and a beta of 0.51. Acme United Co. has a 12-month low of $35.50 and a 12-month high of $47.31. 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 Dividend Announcement

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

Hedge Funds Weigh In On Acme United

Several institutional investors and hedge funds have recently bought and sold shares of the business. Capital Management Corp VA grew its stake in Acme United by 0.5% during the 4th quarter. Capital Management Corp VA now owns 540,341 shares of the company’s stock valued at $21,781,000 after acquiring an additional 2,510 shares in the last quarter. Mink Brook Asset Management LLC grew its stake in Acme United by 0.3% during the 3rd quarter. Mink Brook Asset Management LLC now owns 379,893 shares of the company’s stock valued at $15,644,000 after acquiring an additional 951 shares in the last quarter. Renaissance Technologies LLC grew its stake in Acme United by 0.4% during the 1st quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock valued at $5,235,000 after acquiring an additional 451 shares in the last quarter. Geode Capital Management LLC grew its stake in Acme United by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 76,102 shares of the company’s stock valued at $3,068,000 after acquiring an additional 926 shares in the last quarter. Finally, State Street Corp grew its stake in Acme United by 5.9% during the 4th quarter. State Street Corp now owns 40,372 shares of the company’s stock valued at $1,627,000 after acquiring an additional 2,238 shares in the last quarter. 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.