Acme United Co. (NYSE:ACU) COO Sells $49,125.70 in Stock

Acme United Co. (NYSE:ACU - Get Free Report) COO Brian S. Olschan sold 1,219 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $40.30, for a total transaction of $49,125.70. Following the sale, the chief operating officer now owns 41,103 shares of the company's stock, valued at approximately $1,656,450.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Acme United Stock Performance

Shares of ACU stock traded up $0.10 during mid-day trading on Thursday, hitting $39.43. The stock had a trading volume of 19,894 shares, compared to its average volume of 24,225. Acme United Co. has a fifty-two week low of $23.24 and a fifty-two week high of $50.99. The firm has a market cap of $144.31 million, a PE ratio of 17.25 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.51 and a quick ratio of 1.90. The company's 50-day simple moving average is $42.38 and its 200-day simple moving average is $42.55.

Acme United (NYSE:ACU - Get Free Report) last released its earnings results on Friday, April 19th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Acme United had a net margin of 9.67% and a return on equity of 9.60%. The company had revenue of $44.96 million during the quarter, compared to analysts' expectations of $48.50 million. Sell-side analysts anticipate that Acme United Co. will post 2.53 earnings per share for the current year.

Acme United Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were paid 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 27th. Acme United's dividend payout ratio (DPR) is 12.50%.

Institutional Trading of Acme United

Several hedge funds and other institutional investors have recently made changes to their positions in ACU. Moors & Cabot Inc. acquired a new stake in shares of Acme United in the third quarter valued at about $239,000. Janney Montgomery Scott LLC acquired a new stake in shares of Acme United in the third quarter valued at about $371,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Acme United in the third quarter valued at about $277,000. Ritholtz Wealth Management acquired a new stake in shares of Acme United in the fourth quarter valued at about $223,000. Finally, Evercore Wealth Management LLC acquired a new stake in shares of Acme United in the fourth quarter valued at about $219,000. Institutional investors and hedge funds own 62.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ACU. TheStreet upgraded shares of Acme United from a "c+" rating to a "b" rating in a research note on Wednesday, February 14th. StockNews.com cut shares of Acme United from a "strong-buy" rating to a "buy" rating in a research note on Monday, April 1st.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.