Brian Olschan Sells 339 Shares of Acme United (NYSE:ACU) Stock

Key Points

• COO Brian Olschan sold 339 Acme United shares at an average price of $58.39, generating approximately $19,794; he retained 41,172 shares after the transaction.
• Acme United shares rose to $59.59, near the 12-month high of $60.07, while trading above both their 50-day and 200-day moving averages. The company maintains strong liquidity and modest leverage.
• The company continues to pay a quarterly dividend of $0.16, equivalent to a 1.1% annual yield, while institutional investors own 62.1% of outstanding shares after several firms added or initiated positions.

Acme United Co. (NYSE:ACU - Get Free Report) COO Brian Olschan sold 339 shares of the firm's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $58.39, for a total transaction of $19,794.21. Following the completion of the transaction, the chief operating officer directly owned 41,172 shares of the company's stock, valued at approximately $2,404,033.08. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Acme United Price Performance

Acme United stock traded up $2.24 during mid-day trading on Wednesday, reaching $59.59. 31,785 shares of the company's stock traded hands, compared to its average volume of 18,892. The company has a market cap of $227.04 million, a price-to-earnings ratio of 12.19 and a beta of 0.47. The stock has a 50 day moving average of $49.14 and a two-hundred day moving average of $45.49. 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 Co. has a 12-month low of $35.50 and a 12-month high of $60.07.

Acme United Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.1%. Acme United's dividend payout ratio (DPR) is presently 26.89%.

Institutional Investors Weigh In On Acme United

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Acme United in the 2nd quarter worth approximately $8,578,000. Bard Associates Inc. purchased a new position in Acme United during the second quarter worth $5,163,000. Geode Capital Management LLC increased its position in Acme United by 116.6% during the second quarter. Geode Capital Management LLC now owns 75,267 shares of the company's stock valued at $3,120,000 after acquiring an additional 40,524 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Acme United during the second quarter valued at $1,627,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Acme United in the second quarter valued at $1,509,000. 62.10% of the stock is owned by institutional investors.

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

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.

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