G. Willi-Food International (NASDAQ:WILC) Shares Gap Down – Here’s Why

G. Willi-Food International, Ltd. (NASDAQ:WILC)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $35.85, but opened at $33.59. G. Willi-Food International shares last traded at $35.90, with a volume of 2,032 shares trading hands.

G. Willi-Food International Trading Down 0.4%

The firm has a market cap of $489.83 million, a P/E ratio of 18.51 and a beta of 1.02. The stock’s fifty day moving average is $28.84 and its two-hundred day moving average is $27.49.

G. Willi-Food International (NASDAQ:WILC) last announced its quarterly earnings results on Tuesday, March 24th. The company reported $0.51 EPS for the quarter. The firm had revenue of $52.83 million during the quarter. G. Willi-Food International had a net margin of 14.75% and a return on equity of 14.37%.

G. Willi-Food International Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, April 29th. Shareholders of record on Monday, April 13th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, April 13th. G. Willi-Food International’s dividend payout ratio (DPR) is presently 48.95%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of WILC. Acadian Asset Management LLC bought a new position in shares of G. Willi-Food International in the first quarter worth approximately $50,000. JPMorgan Chase & Co. lifted its position in G. Willi-Food International by 786.8% during the second quarter. JPMorgan Chase & Co. now owns 2,146 shares of the company’s stock valued at $40,000 after purchasing an additional 1,904 shares during the last quarter. Geode Capital Management LLC purchased a new position in G. Willi-Food International in the 4th quarter worth approximately $203,000. Noked Israel Ltd purchased a new position in G. Willi-Food International in the 4th quarter worth approximately $230,000. Finally, Y.D. More Investments Ltd increased its holdings in shares of G. Willi-Food International by 3,072.6% in the 1st quarter. Y.D. More Investments Ltd now owns 68,750 shares of the company’s stock worth $1,751,000 after buying an additional 66,583 shares during the last quarter. Hedge funds and other institutional investors own 9.45% of the company’s stock.

About G. Willi-Food International

G. Willi-Food International, Inc is a specialty food manufacturer based in Porterville, California, that develops, produces and distributes a variety of seasoned and roasted nut products, trail mixes and snack foods. The company serves both retail and foodservice channels through branded and private-label offerings, catering to grocery chains, club stores, convenience outlets, airlines, hotels, universities and restaurants throughout North America.

Founded in 1977, G. Willi-Food has expanded from a single roasting line to multiple production facilities in California, supported by satellite distribution centers to ensure efficient delivery and inventory management.