GSA Capital Partners LLP Boosts Stock Position in Weis Markets, Inc. $WMK

GSA Capital Partners LLP boosted its position in shares of Weis Markets, Inc. (NYSE:WMK) by 85.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,460 shares of the company’s stock after acquiring an additional 8,491 shares during the period. GSA Capital Partners LLP’s holdings in Weis Markets were worth $1,327,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Denali Advisors LLC increased its stake in Weis Markets by 6.1% in the 3rd quarter. Denali Advisors LLC now owns 27,800 shares of the company’s stock worth $1,998,000 after buying an additional 1,588 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Weis Markets by 7.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 4,300 shares of the company’s stock valued at $309,000 after acquiring an additional 300 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of Weis Markets by 1.9% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 25,086 shares of the company’s stock worth $1,803,000 after buying an additional 456 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Weis Markets by 22.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 204,215 shares of the company’s stock worth $14,677,000 after buying an additional 36,802 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Weis Markets in the 3rd quarter valued at about $352,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Weis Markets in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Weis Markets Stock Performance

Shares of WMK stock opened at $72.58 on Thursday. The stock has a 50 day moving average price of $68.49 and a 200 day moving average price of $68.83. Weis Markets, Inc. has a 52-week low of $61.53 and a 52-week high of $90.23. The firm has a market capitalization of $1.80 billion, a P/E ratio of 19.10 and a beta of 0.46.

Weis Markets Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, February 17th. Weis Markets’s payout ratio is currently 35.79%.

About Weis Markets

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.