In a recent transaction, Brian S. Olschan, the President and COO of Acme United Corp (NYSE American:ACU), sold shares of the company's stock, resulting in a total transaction value exceeding $124,000. The executive's dealings with the company's common stock came to light through a recent filing.
On May 16 and May 20, Olschan completed two separate sales of Acme United's common stock. The first sale on May 16 involved just 2 shares at a price of $40.25, while the second, more significant transaction on May 20, saw Olschan selling 3,086 shares. The latter sale was conducted at prices ranging from $40.25 to $40.66, with a weighted average price of $40.33, as detailed in the footnotes of the filing. This series of sales amounted to a total of $124,538.
In addition to the sales, the filing also disclosed the exercise of options, which are transactions where the executive acquired shares. On the same dates as the sales, Olschan executed option exercises for a total of 3,088 shares at a set price of $21.49 per share, amounting to a total transaction value of $66,361.
The transactions have altered Olschan's holdings in the company, but he still maintains a significant number of shares. Following these recent activities, the executive's direct ownership in Acme United Corp stands at 41,103 shares of common stock.
Investors often monitor the buying and selling activities of company insiders as it can provide insight into their perspective on the company's current valuation and future prospects. Insider transactions are publicly reported to ensure transparency and to comply with securities regulations.
For those interested in the details of these transactions, the full information is available upon request, as per the footnotes in the filing. Acme United Corp, known for its production of cutlery, hand tools, and general hardware, is incorporated in Connecticut and has a fiscal year ending on December 31.
InvestingPro Insights
Against the backdrop of insider transactions at Acme United Corp (NYSE American:ACU), InvestingPro data and tips provide a broader context for understanding the company's financial health and market position. With President and COO Brian S. Olschan's recent sale of company shares, investors might be curious about the company's performance metrics and valuation.
On the valuation front, Acme United's Price/Earnings (P/E) ratio stands at 21.8, suggesting that the company is trading at a multiple that could be considered reasonable in comparison to industry standards. This aligns with one of the InvestingPro Tips indicating that ACU is trading at a low earnings multiple. Additionally, the Price/Book (P/B) ratio of 1.61 suggests that the company's market value is in a moderate range relative to its book value, which could be appealing to value-oriented investors.
From a financial performance perspective, Acme United reported revenue of $190.62 million over the last twelve months as of Q1 2024, with a Gross Profit Margin of 38.47%. Despite a slight decline in revenue growth during that period, the company's profitability is highlighted by an InvestingPro Tip noting that ACU has been profitable over the last twelve months.
Moreover, the company's commitment to returning value to shareholders is evident through its dividend track record. Acme United has not only maintained dividend payments for 21 consecutive years but has also raised its dividend for 3 consecutive years, offering a current dividend yield of 1.51%.
For additional insights and a comprehensive analysis, there are 9 more InvestingPro Tips available for Acme United Corp at Investing.com/pro/ACU. Readers seeking to delve deeper into the company's financials and market performance can use the coupon code PRONEWS24 for an extra 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.