Insider Selling: Acme United (NYSE:ACU) COO Sells $449,295.84 in Stock

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 7,308 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $61.48, for a total transaction of $449,295.84. Following the completion of the sale, the chief operating officer owned 41,172 shares of the company’s stock, valued at approximately $2,531,254.56. The trade was a 15.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Acme United Trading Down 1.8%

Acme United stock opened at $60.96 on Friday. Acme United Co. has a 12 month low of $35.50 and a 12 month high of $63.40. 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 stock has a market cap of $232.26 million, a P/E ratio of 12.47 and a beta of 0.47. The company’s fifty day simple moving average is $51.85 and its 200-day simple moving average is $46.53.

Acme United Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, July 2nd. Acme United’s payout ratio is currently 26.89%.

Hedge Funds Weigh In On Acme United

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACU. Capital Management Corp VA grew its position in Acme United by 0.5% in the fourth quarter. Capital Management Corp VA now owns 540,341 shares of the company’s stock worth $21,781,000 after acquiring an additional 2,510 shares in the last quarter. BlackRock Inc. bought a new stake in Acme United in the second quarter worth $8,578,000. Renaissance Technologies LLC increased its position in Acme United by 0.4% during the first quarter. Renaissance Technologies LLC now owns 116,558 shares of the company’s stock worth $5,235,000 after buying an additional 451 shares during the last quarter. Bard Associates Inc. bought a new position in Acme United during the second quarter valued at about $5,163,000. Finally, Geode Capital Management LLC lifted its position in shares of Acme United by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 76,102 shares of the company’s stock worth $3,068,000 after buying an additional 926 shares during the last quarter. Institutional investors own 62.10% of the company’s stock.

About Acme United

Acme United Corporation is a diversified manufacturer and marketer of cutting, measuring and safety products designed for consumer, professional and industrial end markets. The company’s product portfolio spans shears, scissors, cutters, rulers, pencil sharpeners, first aid kits and medical products, as well as fishing knives, survival tools and related accessories. Acme United serves a wide range of end‐use channels, including office supply, school, hardware, mass merchandise and sporting goods retail.

Founded in the 19th century and headquartered in Shelton, Connecticut, Acme United operates through a collection of well‐established brands.