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

Key Points

• COO Brian Olschan sold 7,308 Acme United shares at an average price of $61.48, generating approximately $449,296. His direct holdings fell 15.07% to 41,172 shares.
• Acme United shares declined 2.8% to $61.06 during Wednesday trading, although the stock remains near its 52-week high of $63.40 and above its 50- and 200-day moving averages.
• The company maintains a quarterly dividend of $0.16 per share, equivalent to $0.64 annually and a 1.0% yield. Institutional investors own 62.10% of the outstanding stock.

Acme United Co. (NYSE:ACU - Get Free Report) 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 transaction, the chief operating officer directly owned 41,172 shares in the company, valued at $2,531,254.56. This represents a 15.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Acme United Stock Down 2.8%

ACU stock traded down $1.77 during mid-day trading on Wednesday, hitting $61.06. The stock had a trading volume of 28,388 shares, compared to its average volume of 19,520. The company has a current ratio of 4.41, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. 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 fifty day moving average of $50.89 and a 200 day moving average of $46.15. Acme United Co. has a 1-year low of $35.50 and a 1-year high of $63.40.

Acme United Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, July 2nd. Acme United's dividend payout ratio (DPR) is currently 26.89%.

Institutional Trading of Acme United

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Management Corp VA grew its position in Acme United by 0.5% during the fourth quarter. Capital Management Corp VA now owns 540,341 shares of the company's stock worth $21,781,000 after buying an additional 2,510 shares in the last quarter. BlackRock Inc. bought a new stake in Acme United in the 2nd quarter valued at about $8,578,000. Renaissance Technologies LLC grew its holdings in shares of Acme United by 0.4% during the first quarter. Renaissance Technologies LLC now owns 116,558 shares of the company's stock valued at $5,235,000 after buying an additional 451 shares during the last quarter. Bard Associates Inc. bought a new position in Acme United during the 2nd quarter valued at $5,163,000. Finally, Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 926 shares during the last quarter. 62.10% of the stock is owned by 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.

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