Brian Olschan Sells 4,833 Shares of Acme United (NYSE:ACU) Stock

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 4,833 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $42.00, for a total transaction of $202,986.00. Following the sale, the chief operating officer directly owned 41,172 shares in the company, valued at $1,729,224. This trade represents a 10.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Acme United Stock Down 0.5%

Shares of NYSE:ACU opened at $42.20 on Friday. The stock has a market capitalization of $160.78 million, a price-to-earnings ratio of 8.63 and a beta of 0.51. Acme United Co. has a 1-year low of $35.50 and a 1-year high of $47.31. The company’s fifty day moving average is $43.35 and its two-hundred day moving average is $42.04. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41.

Acme United Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, March 25th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, March 25th. Acme United’s dividend payout ratio (DPR) is 27.59%.

Institutional Trading of Acme United

Large investors have recently modified their holdings of the company. Indivisible Partners acquired a new stake in shares of Acme United in the 4th quarter worth about $562,000. Capital Management Corp VA increased its holdings in shares of Acme United by 0.5% in the 4th 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 during the period. Mink Brook Asset Management LLC increased its holdings in shares of Acme United by 0.3% in the 3rd quarter. Mink Brook Asset Management LLC now owns 379,893 shares of the company’s stock worth $15,644,000 after acquiring an additional 951 shares during the period. Teton Advisors LLC acquired a new stake in shares of Acme United in the 3rd quarter worth about $412,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Acme United by 1.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 37,431 shares of the company’s stock worth $1,541,000 after acquiring an additional 395 shares during the period. Institutional investors and hedge funds 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.