Acme United Co. (NYSE:ACU) COO Brian S. Olschan Sells 809 Shares

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

Acme United Price Performance

Shares of ACU stock remained flat at $39.68 during trading hours on Friday. The stock had a trading volume of 14,145 shares, compared to its average volume of 13,307. The company has a 50 day moving average price of $39.42 and a 200-day moving average price of $39.00. 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 firm has a market cap of $150.43 million, a PE ratio of 8.11 and a beta of 0.65. Acme United Co. has a 12 month low of $32.85 and a 12 month high of $50.00.

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

Acme United Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, March 26th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Wednesday, March 26th. Acme United's dividend payout ratio is 24.49%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded 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

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in Acme United in the first quarter valued at about $35,000. Barclays PLC boosted its holdings in Acme United by 13.7% in the fourth 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 last quarter. Cetera Investment Advisers bought a new position in Acme United in the first quarter valued at about $208,000. Jane Street Group LLC bought a new position in Acme United in the fourth quarter valued at about $228,000. Finally, Northern Trust Corp boosted its holdings in Acme United by 11.2% in the fourth quarter. Northern Trust Corp now owns 6,846 shares of the company's stock valued at $256,000 after acquiring an additional 691 shares during the last quarter. 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.