Brian S. Olschan, the President and Chief Operating Officer of Acme United Corp (NYSEMKT:ACU), has recently engaged in transactions involving the company's common stock, according to the latest filings with the Securities and Exchange Commission.
On May 8 and 9, Olschan sold a total of 1,720 shares of Acme United Corp stock in multiple transactions, with prices ranging from $42.08 to $43.19 per share. These sales amounted to a total of approximately $72,793. The transactions were reported to have occurred at weighted average prices of $43.12 and $42.08 on each respective day.
In addition to the sales, Olschan also acquired 1,720 shares through option exercises at a fixed price of $21.49 per share. The total value for these acquisitions amounted to $36,962. Following these transactions, Olschan's direct ownership in the company's common stock adjusted to 41,103 shares.
Acme United, a company with a long-standing history in the cutlery, handtools, and general hardware industry, has its executive team's trading activities closely watched by investors seeking insights into the company's performance and prospects.
Investors and stakeholders can request more detailed information about the transactions from Olschan or Acme United Corp if needed. The company, headquartered in Shelton, Connecticut, continues to operate in the manufacturing sector, providing various products under its corporate umbrella.
InvestingPro Insights
Amidst the recent trading activities by Acme United Corp's (NYSEMKT:ACU) President and Chief Operating Officer, Brian S. Olschan, investors are evaluating the company's financial health and future prospects. According to InvestingPro data, Acme United currently trades at a P/E ratio of 21.8, which suggests a valuation that investors may consider when gauging the company's earnings relative to its share price. The company's revenue for the last twelve months as of Q1 2024 stood at $190.62 million, with a gross profit of $73.33 million. This reflects a gross profit margin of 38.47%, indicating the efficiency of Acme United's operations in generating profit from its sales.
One InvestingPro Tip highlights Acme United's high shareholder yield, which could be a signal of the company's commitment to returning value to its shareholders. Additionally, Acme United has a history of consistent dividend payments, having maintained them for 21 consecutive years and even raising its dividend for the last three years, demonstrating a potentially attractive feature for income-focused investors.
For those interested in a deeper analysis, there are additional InvestingPro Tips available on InvestingPro for Acme United, which can be accessed at https://www.investing.com/pro/ACU. As an added benefit, readers can use the coupon code PRONEWS24 to receive an extra 10% off a yearly or biyearly Pro and Pro+ subscription, providing access to a wealth of financial data and investment insights.
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