Brian Olschan Sells 4,000 Shares of Acme United (NYSE:ACU) Stock

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 4,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $55.51, for a total value of $222,040.00. Following the sale, the chief operating officer owned 47,099 shares in the company, valued at approximately $2,614,465.49. This represents a 7.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Acme United Stock Performance

Shares of NYSE ACU traded up $2.24 during mid-day trading on Wednesday, hitting $59.59. The company had a trading volume of 31,785 shares, compared to its average volume of 18,892. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. Acme United Co. has a 1 year low of $35.50 and a 1 year high of $60.07. The company has a market capitalization of $227.04 million, a price-to-earnings ratio of 12.19 and a beta of 0.47. The stock’s 50-day moving average price is $49.14 and its 200-day moving average price is $45.49.

Acme United Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. Acme United’s payout ratio is presently 26.89%.

More Acme United News

Here are the key news stories impacting Acme United this week:

• Positive Sentiment: Institutional ownership remains substantial at 62.1%, with Bank of America sharply increasing its position and JPMorgan Chase, Mirae Asset Global ETFs, Raymond James and the New York State Common Retirement Fund initiating positions during the second quarter. These purchases provide a favorable signal about institutional interest in ACU.
• Positive Sentiment: Acme United continues to pay a quarterly dividend of $0.16, or $0.64 annually, representing an approximately 1.1% yield and a payout ratio below 30%. The dividend adds income appeal and suggests the company has room to maintain shareholder distributions. Acme United insider trading and dividend information
• Neutral Sentiment: The stock is trading well above its 50-day and 200-day moving averages and near its 52-week high. Its valuation remains moderate, with a P/E ratio near 12, while low leverage and strong liquidity may support the recent momentum; however, the sharp advance could also increase the risk of profit-taking.
• Negative Sentiment: COO Brian S. Olschan sold 10,909 shares in a series of transactions from August 3 through August 12 for approximately $616,449. The largest sale was 5,304 shares, reducing his position by 11.29%; he still owns more than 41,000 shares, but the repeated selling may signal that an executive is taking profits after the stock’s rally. SEC insider ownership filing
• Negative Sentiment: Director Rex Lynn Davidson sold 3,684 shares for approximately $208,072, reducing his holdings by 37.17%. Multiple insider sales totaling roughly $825,000 could temper enthusiasm, although the transactions do not necessarily indicate a change in Acme United’s operating outlook. Rex Lynn Davidson Acme United insider sale

Institutional Investors Weigh In On Acme United

A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC grew its stake in Acme United by 61.0% during the first quarter. Jane Street Group LLC now owns 9,839 shares of the company’s stock valued at $390,000 after acquiring an additional 3,729 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Acme United by 116.6% in the second quarter. Geode Capital Management LLC now owns 75,267 shares of the company’s stock worth $3,120,000 after purchasing an additional 40,524 shares during the period. Cetera Investment Advisers increased its holdings in shares of Acme United by 8.2% in the second quarter. Cetera Investment Advisers now owns 5,672 shares of the company’s stock worth $235,000 after purchasing an additional 428 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Acme United in the second quarter worth $65,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Acme United in the second quarter worth $104,000. 62.10% of the stock is owned by hedge funds and other institutional investors.

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.