First Quadrant L P CA Has $888,000 Position in Weis Markets, Inc. (WMK)
First Quadrant L P CA increased its holdings in Weis Markets, Inc. (NYSE:WMK) by 1,283.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,406 shares of the company’s stock after purchasing an additional 18,931 shares during the quarter. First Quadrant L P CA owned 0.08% of Weis Markets worth $888,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in Weis Markets by 8.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,980 shares of the company’s stock worth $145,000 after purchasing an additional 240 shares during the period. Airain ltd acquired a new position in Weis Markets in the 2nd quarter worth about $248,000. Citadel Advisors LLC acquired a new position in Weis Markets in the 2nd quarter worth about $256,000. Voya Investment Management LLC raised its holdings in shares of Weis Markets by 9.3% during the second quarter. Voya Investment Management LLC now owns 6,563 shares of the company’s stock valued at $320,000 after acquiring an additional 558 shares during the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in shares of Weis Markets during the second quarter valued at approximately $386,000. 31.34% of the stock is owned by institutional investors.
Weis Markets, Inc. (NYSE:WMK) opened at $40.37 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.98 and a quick ratio of 0.81. The firm has a market cap of $1,087.76, a P/E ratio of 13.26 and a beta of 0.68.
Weis Markets (NYSE:WMK) last announced its earnings results on Wednesday, August 2nd. The company reported $0.69 EPS for the quarter. Weis Markets had a return on equity of 8.89% and a net margin of 2.42%. The business had revenue of $876.57 million during the quarter.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 6th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.97%. Weis Markets’s payout ratio is currently 39.34%.
Separately, BidaskClub raised Weis Markets from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th.
COPYRIGHT VIOLATION WARNING: “First Quadrant L P CA Has $888,000 Position in Weis Markets, Inc. (WMK)” was posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/first-quadrant-l-p-ca-has-888000-position-in-weis-markets-inc-wmk/1677814.html.
In other news, COO Kurt A. Schertle bought 1,000 shares of Weis Markets stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $45.47 per share, with a total value of $45,470.00. Following the completion of the acquisition, the chief operating officer now directly owns 1,000 shares of the company’s stock, valued at $45,470. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Scott F. Frost bought 600 shares of Weis Markets stock in a transaction on Monday, September 18th. The shares were purchased at an average cost of $42.85 per share, with a total value of $25,710.00. Following the acquisition, the chief financial officer now directly owns 1,961 shares of the company’s stock, valued at $84,028.85. The disclosure for this purchase can be found here. Insiders have acquired 2,625 shares of company stock valued at $116,570 in the last three months. Insiders own 26.90% of the company’s stock.
About Weis Markets
Weis Markets, Inc is engaged principally 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, fuel and general merchandise items, such as health and beauty care and household products.
Want to see what other hedge funds are holding WMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weis Markets, Inc. (NYSE:WMK).
Receive News & Ratings for Weis Markets Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weis Markets Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.