Quantbot Technologies LP Makes New Investment in Weis Markets, Inc. $WMK

Quantbot Technologies LP acquired a new stake in Weis Markets, Inc. (NYSE:WMK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 9,309 shares of the company’s stock, valued at approximately $729,000.

A number of other large investors have also bought and sold shares of WMK. Martin & Co. Inc. TN acquired a new position in shares of Weis Markets during the second quarter valued at about $2,344,000. Landscape Capital Management L.L.C. bought a new stake in Weis Markets in the 2nd quarter valued at about $2,743,000. Virtus Advisers LLC bought a new stake in Weis Markets in the 2nd quarter valued at about $358,000. Great Lakes Advisors LLC acquired a new position in Weis Markets during the 2nd quarter worth approximately $662,000. Finally, BlackRock Inc. acquired a new position in Weis Markets during the 2nd quarter worth approximately $95,417,000.

Analyst Ratings Changes

Separately, Weiss Ratings raised Weis Markets from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Weis Markets Trading Down 0.4%

Shares of NYSE:WMK opened at $70.62 on Thursday. The stock has a market cap of $1.75 billion, a PE ratio of 17.52 and a beta of 0.45. The stock’s fifty day simple moving average is $76.12 and its two-hundred day simple moving average is $72.77. Weis Markets, Inc. has a 1-year low of $59.99 and a 1-year high of $83.74.

Weis Markets (NYSE:WMK) last posted its earnings results on Tuesday, August 4th. The company reported $0.92 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 1.99% and a return on equity of 7.40%. The firm had revenue of $1.28 billion during the quarter.

Weis Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, July 27th were paid a $0.34 dividend. The ex-dividend date was Monday, July 27th. This represents a $1.36 annualized dividend and a yield of 1.9%. Weis Markets’s dividend payout ratio (DPR) is 33.75%.

Weis Markets Company Profile

Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.