Key Points
- Acme United COO Brian Olschan sold 4,833 shares on May 28 at an average price of $42.00, totaling about $202,986. After the sale, he still held 41,172 shares valued at roughly $1.73 million.
- The sale reduced Olschan’s stake by 10.51% and was disclosed in a filing with the Securities and Exchange Commission.
- Acme United’s stock and fundamentals show a market cap of about $160.8 million, a P/E ratio of 8.63, and a recent share price of $42.20, while the company also pays a quarterly dividend of $0.16 for an annual yield of about 1.5%.
Acme United Co. (NYSE:ACU - Get Free Report) COO Brian Olschan sold 4,833 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $42.00, for a total transaction of $202,986.00. Following the completion of the transaction, the chief operating officer owned 41,172 shares of the company's stock, valued at $1,729,224. This represents a 10.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Acme United Stock Performance
Shares of ACU opened at $42.20 on Friday. The firm has a 50-day moving average price of $43.35 and a 200 day moving average price of $42.04. The firm has a market capitalization of $160.78 million, a PE ratio of 8.63 and a beta of 0.51. The company has a quick ratio of 1.91, a current ratio of 4.41 and a debt-to-equity ratio of 0.30. Acme United Co. has a 52-week low of $35.50 and a 52-week high of $47.31.
Acme United Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, March 25th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Wednesday, March 25th. Acme United's dividend payout ratio is currently 27.59%.
Institutional Investors Weigh In On Acme United
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bridgeway Capital Management LLC lifted its holdings in Acme United by 1.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 23,659 shares of the company's stock valued at $981,000 after acquiring an additional 236 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Acme United by 1.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 37,431 shares of the company's stock valued at $1,541,000 after acquiring an additional 395 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Acme United by 8.2% in the 2nd quarter. Cetera Investment Advisers now owns 5,672 shares of the company's stock valued at $235,000 after acquiring an additional 428 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Acme United by 0.4% in the 1st quarter. Renaissance Technologies LLC now owns 116,558 shares of the company's stock valued at $5,235,000 after acquiring an additional 451 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Acme United by 5.5% in the 2nd quarter. First Trust Advisors LP now owns 10,647 shares of the company's stock valued at $441,000 after acquiring an additional 551 shares during the last quarter. 62.10% of the stock is owned by institutional investors and hedge funds.
Acme United Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
