Acme United Co. (NYSE:ACU) COO Sells $238,948.38 in Stock

Acme United Co. (NYSE:ACU - Get Free Report) COO Brian S. Olschan sold 5,566 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $42.93, for a total transaction of $238,948.38. Following the sale, the chief operating officer now owns 41,103 shares of the company's stock, valued at approximately $1,764,551.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Acme United Price Performance

NYSE:ACU traded down $0.54 during mid-day trading on Wednesday, reaching $42.31. 12,596 shares of the company were exchanged, compared to its average volume of 23,712. The company has a quick ratio of 1.41, a current ratio of 3.54 and a debt-to-equity ratio of 0.24. The stock has a market cap of $154.43 million, a PE ratio of 8.96 and a beta of 0.73. Acme United Co. has a 12 month low of $23.24 and a 12 month high of $50.99. The company has a fifty day moving average of $42.59 and a 200 day moving average of $41.95.

Acme United (NYSE:ACU - Get Free Report) last released its quarterly earnings results on Friday, April 19th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.36 by $0.03. Acme United had a net margin of 9.67% and a return on equity of 9.87%. The business had revenue of $44.96 million for the quarter, compared to analysts' expectations of $48.50 million. On average, research analysts anticipate that Acme United Co. will post 2.53 EPS for the current fiscal year.

Acme United Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.42%. Acme United's payout ratio is currently 12.50%.

Hedge Funds Weigh In On Acme United

Several large investors have recently made changes to their positions in the company. Evercore Wealth Management LLC acquired a new stake in Acme United in the fourth quarter worth about $219,000. Ritholtz Wealth Management acquired a new stake in shares of Acme United during the 4th quarter worth approximately $223,000. Moors & Cabot Inc. bought a new stake in shares of Acme United during the third quarter worth approximately $239,000. O Shaughnessy Asset Management LLC acquired a new position in Acme United in the third quarter valued at approximately $277,000. Finally, Diamond Hill Capital Management Inc. boosted its stake in Acme United by 21.7% in the third quarter. Diamond Hill Capital Management Inc. now owns 11,000 shares of the company's stock valued at $329,000 after acquiring an additional 1,959 shares during the last quarter. Institutional investors and hedge funds own 62.10% of the company's stock.

Wall Street Analysts Forecast Growth

ACU has been the subject of several recent analyst reports. StockNews.com lowered shares of Acme United from a "strong-buy" rating to a "buy" rating in a report on Monday, April 1st. TheStreet raised Acme United from a "c+" rating to a "b" rating in a report on Wednesday, February 14th.

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.

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