Village Super Market, Inc. (NASDAQ:VLGEA) Major Shareholder Robert Sumas Sells 1,500 Shares

Village Super Market, Inc. (NASDAQ:VLGEA) major shareholder Robert Sumas sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $35.81, for a total transaction of $53,715.00. Following the transaction, the insider now directly owns 87,931 shares in the company, valued at approximately $3,148,809.11. The trade was a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Robert Sumas also recently made the following trade(s):

• On Tuesday, April 8th, Robert Sumas sold 943 shares of Village Super Market stock. The shares were sold at an average price of $36.21, for a total transaction of $34,146.03.
• On Friday, April 11th, Robert Sumas sold 400 shares of Village Super Market stock. The shares were sold at an average price of $35.95, for a total value of $14,380.00.

Village Super Market Price Performance

Shares of Village Super Market stock traded up $0.34 during trading on Wednesday, hitting $35.39. The stock had a trading volume of 58,688 shares, compared to its average volume of 30,242. The business has a fifty day moving average of $34.23 and a two-hundred day moving average of $32.59. The firm has a market cap of $521.90 million, a P/E ratio of 10.20 and a beta of 0.42. Village Super Market, Inc. has a fifty-two week low of $24.57 and a fifty-two week high of $38.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.13 and a quick ratio of 0.86.

Village Super Market (NASDAQ:VLGEA) last announced its quarterly earnings data on Tuesday, March 4th. The company reported $1.14 earnings per share (EPS) for the quarter. Village Super Market had a net margin of 2.29% and a return on equity of 12.15%. The company had revenue of $599.65 million for the quarter.

Village Super Market Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.83%. Village Super Market’s dividend payout ratio (DPR) is presently 27.47%.

Hedge Funds Weigh In On Village Super Market

A number of hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Village Super Market by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 23,931 shares of the company’s stock valued at $761,000 after purchasing an additional 965 shares during the last quarter. Rhumbline Advisers raised its holdings in Village Super Market by 8.2% during the 4th quarter. Rhumbline Advisers now owns 14,514 shares of the company’s stock worth $463,000 after buying an additional 1,103 shares during the period. Wells Fargo & Company MN lifted its stake in Village Super Market by 21.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,409 shares of the company’s stock valued at $204,000 after buying an additional 1,112 shares in the last quarter. Ellsworth Advisors LLC boosted its holdings in shares of Village Super Market by 7.4% in the fourth quarter. Ellsworth Advisors LLC now owns 21,452 shares of the company’s stock worth $684,000 after buying an additional 1,471 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Village Super Market by 17.1% in the fourth quarter. Bank of America Corp DE now owns 10,326 shares of the company’s stock worth $329,000 after acquiring an additional 1,511 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

About Village Super Market

Village Super Market, Inc operates a chain of supermarkets in the United States. The company offers grocery, meat, produce, dairy, deli, seafood, prepared foods, and bakery and frozen foods. It also provides non-food products, including health and beauty care, general merchandise, liquor, and pharmacy products through retail and online stores.