Acme United Co. (NYSE:ACU) COO Sells $32,319.55 in Stock

Acme United Co. (NYSE:ACU - Get Free Report) COO Brian S. Olschan sold 809 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $39.95, for a total value of $32,319.55. Following the sale, the chief operating officer now owns 42,210 shares in the company, valued at approximately $1,686,289.50. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Acme United Price Performance

NYSE:ACU traded down $0.14 during trading hours on Friday, reaching $39.55. The company had a trading volume of 5,445 shares, compared to its average volume of 13,312. The firm has a market capitalization of $149.92 million, a PE ratio of 8.09 and a beta of 0.65. The stock has a 50-day moving average of $39.43 and a two-hundred day moving average of $39.05. Acme United Co. has a one year low of $32.85 and a one year high of $50.00. 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 (NYSE:ACU - Get Free Report) last posted its 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 last year, the business posted $0.39 EPS.

Acme United Announces Dividend

The firm 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%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Acme United

Several institutional investors have recently bought and sold shares of ACU. Jane Street Group LLC grew its stake in Acme United by 61.0% in 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 during the period. Nantahala Capital Management LLC acquired a new stake in shares of Acme United during the 1st quarter worth about $809,000. Mink Brook Asset Management LLC boosted its holdings in shares of Acme United by 22.4% during the 1st quarter. Mink Brook Asset Management LLC now owns 320,341 shares of the company's stock worth $12,689,000 after buying an additional 58,729 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Acme United by 2.9% during the 1st quarter. HighTower Advisors LLC now owns 10,659 shares of the company's stock worth $422,000 after buying an additional 304 shares during the period. Finally, Cetera Investment Advisers bought a new position in Acme United in the 1st quarter valued at about $208,000. Institutional investors own 62.10% of the company's stock.

Acme United Company Profile

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.