Acme United Co. (NYSE:ACU) COO Brian S. Olschan Sells 1,001 Shares

Acme United Co. (NYSE:ACU - Get Free Report) COO Brian S. Olschan sold 1,001 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $40.01, for a total value of $40,050.01. Following the completion of the sale, the chief operating officer now owns 41,209 shares in the company, valued at approximately $1,648,772.09. The trade was a 2.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Acme United Stock Down 0.3%

Acme United stock traded down $0.14 during midday trading on Friday, reaching $39.55. The company's stock had a trading volume of 5,445 shares, compared to its average volume of 13,312. Acme United Co. has a fifty-two week low of $32.85 and a fifty-two week high of $50.00. The company has a market cap of $149.92 million, a P/E ratio of 8.09 and a beta of 0.65. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. The business has a 50-day simple moving average of $39.43 and a 200-day simple moving average of $39.05.

Acme United (NYSE:ACU - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The company reported $0.41 earnings per share for the quarter. Acme United had a net margin of 10.25% and a return on equity of 9.70%. During the same period in the previous year, the firm earned $0.39 earnings per share.

Acme United Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Wednesday, March 26th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Wednesday, March 26th. Acme United's payout ratio is currently 24.49%.

Institutional Trading of Acme United

A number of large investors have recently made changes to their positions in ACU. GAMMA Investing LLC purchased a new stake in Acme United in the first quarter valued at approximately $35,000. Barclays PLC increased its holdings in shares of Acme United by 13.7% in the 4th quarter. Barclays PLC now owns 4,442 shares of the company's stock valued at $165,000 after acquiring an additional 536 shares during the period. Cetera Investment Advisers acquired a new position in shares of Acme United in the 1st quarter valued at $208,000. Jane Street Group LLC purchased a new stake in Acme United in the 4th quarter valued at $228,000. Finally, Northern Trust Corp boosted its stake in Acme United by 11.2% during the 4th quarter. Northern Trust Corp now owns 6,846 shares of the company's stock worth $256,000 after purchasing an additional 691 shares during the period. 62.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Acme United from a "hold" rating to a "buy" rating in a research report on Friday, May 9th.

About Acme United

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.