Key Points
- COO Brian Olschan sold 7,308 Acme United shares at an average price of $61.48, generating proceeds of approximately $449,296 and reducing his direct stake by 15.07% to 41,172 shares.
- Acme United shares opened at $61.06, near their 52-week high of $63.40, with a market capitalization of $232.6 million and a P/E ratio of 12.49.
- The company recently paid a quarterly dividend of $0.16, equivalent to $0.64 annually and a 1.0% yield, while institutional investors own 62.1% of outstanding shares.
Acme United Co. (NYSE:ACU - Get Free Report) COO Brian Olschan sold 7,308 shares of the firm's 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 sale, the chief operating officer directly owned 41,172 shares in the company, 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 SEC, which can be accessed through the SEC website.
Acme United Trading Down 2.8%
NYSE ACU opened at $61.06 on Thursday. 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 firm has a 50-day moving average price of $51.21 and a 200 day moving average price of $46.29. The stock has a market capitalization of $232.64 million, a P/E ratio of 12.49 and a beta of 0.47. Acme United Co. has a 52-week low of $35.50 and a 52-week high of $63.40.
Acme United Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, July 2nd. Acme United's dividend payout ratio is presently 26.89%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE lifted its position in shares of Acme United by 3,048.9% during the second quarter. Bank of America Corp DE now owns 1,480 shares of the company's stock worth $61,000 after purchasing an additional 1,433 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Acme United during the second quarter worth about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Acme United in the 2nd quarter worth approximately $75,000. Raymond James Financial Inc. acquired a new position in shares of Acme United during the second quarter valued at $76,000. Finally, New York State Common Retirement Fund acquired a new position in Acme United during the 2nd quarter valued at about $104,000. Hedge funds and other institutional investors own 62.10% of the company's stock.
About Acme United
(
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.
Further Reading
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