Acme United Co. (NYSE:ACU) COO Brian S. Olschan Sells 5,566 Shares

Acme United Co. (NYSE:ACU) COO Brian S. Olschan sold 5,566 shares of Acme United stock in a transaction on Monday, May 6th. The stock was sold at an average price of $42.93, for a total transaction of $238,948.38. Following the sale, the chief operating officer now directly owns 41,103 shares in the company, valued at approximately $1,764,551.79. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Acme United Price Performance

ACU opened at $41.57 on Friday. The company has a 50-day moving average of $42.39 and a 200-day moving average of $41.95. The company has a market capitalization of $151.73 million, a P/E ratio of 8.66 and a beta of 0.73. Acme United Co. has a 1-year low of $23.24 and a 1-year high of $50.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.41 and a current ratio of 3.54.

Acme United (NYSE:ACU) last released its earnings results on Friday, April 19th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $44.96 million during the quarter, compared to the consensus estimate of $48.50 million. Acme United had a net margin of 9.67% and a return on equity of 9.87%. Equities analysts expect that Acme United Co. will post 2.53 EPS for the current fiscal year.

Acme United Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Wednesday, March 27th. Acme United’s payout ratio is currently 12.50%.

Institutional Investors Weigh In On Acme United

Several hedge funds and other institutional investors have recently modified their holdings of ACU. Diamond Hill Capital Management Inc. grew its position in shares of Acme United by 21.7% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 11,000 shares of the company’s stock valued at $329,000 after buying an additional 1,959 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of Acme United during the 3rd quarter valued at about $239,000. Janney Montgomery Scott LLC bought a new stake in shares of Acme United during the 3rd quarter valued at about $371,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Acme United during the 3rd quarter valued at about $277,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Acme United during the 4th quarter valued at about $223,000. Institutional investors own 62.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Acme United from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. TheStreet raised shares of Acme United from a “c+” rating to a “b” rating in a research note on Wednesday, February 14th.

Acme United Company Profile

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.