Weis Markets, Inc. (NYSE:WMK)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $37.82. Weis Markets shares last traded at $37.91, with a volume of 2,395 shares trading hands.
Separately, TheStreet downgraded Weis Markets from a “b-” rating to a “c+” rating in a research report on Wednesday, June 5th.
The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.76 and a current ratio of 1.78. The stock has a market cap of $1.04 billion, a PE ratio of 16.81 and a beta of 0.13. The firm’s fifty day simple moving average is $36.76.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Monday, July 29th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.24 annualized dividend and a dividend yield of 3.28%.
In other news, CFO Scott F. Frost acquired 800 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were purchased at an average price of $37.60 per share, for a total transaction of $30,080.00. Following the acquisition, the chief financial officer now owns 3,618 shares of the company’s stock, valued at $136,036.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Kurt A. Schertle acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average price of $38.57 per share, for a total transaction of $38,570.00. Following the acquisition, the chief operating officer now directly owns 3,000 shares in the company, valued at approximately $115,710. The disclosure for this purchase can be found here. Insiders purchased a total of 2,400 shares of company stock worth $91,420 in the last quarter. Company insiders own 27.00% of the company’s stock.
Several hedge funds have recently bought and sold shares of WMK. AlphaOne Investment Services LLC increased its holdings in Weis Markets by 6.6% during the 1st quarter. AlphaOne Investment Services LLC now owns 13,001 shares of the company’s stock worth $531,000 after purchasing an additional 801 shares during the period. Meeder Asset Management Inc. purchased a new stake in Weis Markets during the 1st quarter worth about $39,000. First Quadrant L P CA increased its holdings in Weis Markets by 57.8% during the 1st quarter. First Quadrant L P CA now owns 4,388 shares of the company’s stock worth $179,000 after purchasing an additional 1,608 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Weis Markets by 0.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 180,713 shares of the company’s stock worth $6,580,000 after purchasing an additional 1,692 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in Weis Markets by 591.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,331 shares of the company’s stock worth $95,000 after purchasing an additional 1,994 shares during the period. Hedge funds and other institutional investors own 38.51% of the company’s stock.
Weis Markets Company Profile (NYSE:WMK)
Weis Markets, Inc engages in the retail sale of food in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.
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