Brian Olschan Sells 5,304 Shares of Acme United (NYSE:ACU) Stock

Acme United Co. (NYSE:ACU) COO Brian Olschan sold 5,304 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $57.07, for a total transaction of $302,699.28. Following the completion of the transaction, the chief operating officer directly owned 41,670 shares of the company’s stock, valued at $2,378,106.90. This represents a 11.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Acme United Stock Up 3.9%

Shares of NYSE:ACU traded up $2.24 during trading on Wednesday, hitting $59.59. The company’s stock had a trading volume of 31,785 shares, compared to its average volume of 18,892. Acme United Co. has a fifty-two week low of $35.50 and a fifty-two week high of $60.07. The business has a 50 day moving average price of $49.14 and a two-hundred day moving average price of $45.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 4.41. The company has a market capitalization of $227.04 million, a PE ratio of 12.19 and a beta of 0.47.

Acme United Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. Acme United’s payout ratio is presently 26.89%.

Acme United News Roundup

Here are the key news stories impacting Acme United this week:

• Positive Sentiment: Institutional ownership remains substantial at 62.1%, with Bank of America sharply increasing its position and JPMorgan Chase, Mirae Asset Global ETFs, Raymond James and the New York State Common Retirement Fund initiating positions during the second quarter. These purchases provide a favorable signal about institutional interest in ACU.
• Positive Sentiment: Acme United continues to pay a quarterly dividend of $0.16, or $0.64 annually, representing an approximately 1.1% yield and a payout ratio below 30%. The dividend adds income appeal and suggests the company has room to maintain shareholder distributions. Acme United insider trading and dividend information
• Neutral Sentiment: The stock is trading well above its 50-day and 200-day moving averages and near its 52-week high. Its valuation remains moderate, with a P/E ratio near 12, while low leverage and strong liquidity may support the recent momentum; however, the sharp advance could also increase the risk of profit-taking.
• Negative Sentiment: COO Brian S. Olschan sold 10,909 shares in a series of transactions from August 3 through August 12 for approximately $616,449. The largest sale was 5,304 shares, reducing his position by 11.29%; he still owns more than 41,000 shares, but the repeated selling may signal that an executive is taking profits after the stock’s rally. SEC insider ownership filing
• Negative Sentiment: Director Rex Lynn Davidson sold 3,684 shares for approximately $208,072, reducing his holdings by 37.17%. Multiple insider sales totaling roughly $825,000 could temper enthusiasm, although the transactions do not necessarily indicate a change in Acme United’s operating outlook. Rex Lynn Davidson Acme United insider sale

Institutional Investors Weigh In On Acme United

A number of hedge funds have recently bought and sold shares of the stock. Indivisible Partners acquired a new position in shares of Acme United during the fourth quarter worth about $562,000. Capital Management Corp VA raised its holdings in Acme United by 0.5% in the fourth quarter. Capital Management Corp VA now owns 540,341 shares of the company’s stock valued at $21,781,000 after acquiring an additional 2,510 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Acme United by 68.7% in the third quarter. JPMorgan Chase & Co. now owns 2,649 shares of the company’s stock valued at $109,000 after acquiring an additional 1,079 shares in the last quarter. CM Wealth Advisors LLC purchased a new position in Acme United in the second quarter worth approximately $465,000. Finally, BlackRock Inc. purchased a new position in Acme United in the second quarter worth approximately $8,578,000. Institutional investors and hedge funds own 62.10% of the company’s stock.

Acme United Company Profile

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.