Village Super Market, Inc. (VLGEA) Position Decreased by Bank of New York Mellon Corp
Bank of New York Mellon Corp trimmed its stake in Village Super Market, Inc. (NASDAQ:VLGEA) by 5.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 105,260 shares of the company’s stock after selling 5,592 shares during the period. Bank of New York Mellon Corp’s holdings in Village Super Market were worth $2,604,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Acrospire Investment Management LLC grew its holdings in Village Super Market by 48.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,047 shares of the company’s stock valued at $105,000 after buying an additional 1,324 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Village Super Market by 23.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,332 shares of the company’s stock valued at $191,000 after buying an additional 1,398 shares during the last quarter. Citigroup Inc. grew its holdings in Village Super Market by 696.8% in the 2nd quarter. Citigroup Inc. now owns 7,578 shares of the company’s stock valued at $196,000 after buying an additional 6,627 shares during the last quarter. Teachers Advisors LLC grew its holdings in Village Super Market by 26.4% in the 2nd quarter. Teachers Advisors LLC now owns 14,147 shares of the company’s stock valued at $367,000 after buying an additional 2,952 shares during the last quarter. Finally, First Quadrant L P CA grew its holdings in Village Super Market by 49.5% in the 3rd quarter. First Quadrant L P CA now owns 19,541 shares of the company’s stock valued at $483,000 after buying an additional 6,474 shares during the last quarter. 42.13% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP John Sumas sold 4,800 shares of Village Super Market stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $22.96, for a total transaction of $110,208.00. Following the sale, the executive vice president now owns 125,805 shares of the company’s stock, valued at approximately $2,888,482.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 14,800 shares of company stock worth $348,808 in the last three months. 40.12% of the stock is owned by insiders.
Separately, BidaskClub lowered Village Super Market from a “hold” rating to a “sell” rating in a report on Saturday, December 9th.
Shares of Village Super Market, Inc. (NASDAQ VLGEA) opened at $23.00 on Friday. The stock has a market capitalization of $232.00, a P/E ratio of 15.65 and a beta of 0.34. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 0.15. Village Super Market, Inc. has a fifty-two week low of $22.43 and a fifty-two week high of $31.34.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Wednesday, January 3rd. Village Super Market’s payout ratio is presently 68.03%.
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Village Super Market Profile
Village Super Market, Inc (Village) is engaged in retail sale of food and nonfood products. As of July 30, 2016, the Company operated a chain of 29 ShopRite supermarkets, 18 of which are located in northern New Jersey, eight in southern New Jersey, two in Maryland and one in northeastern Pennsylvania.
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