Village Super Market, Inc. $VLGEA Shares Acquired by Money Concepts Capital Corp

Money Concepts Capital Corp lifted its stake in Village Super Market, Inc. (NASDAQ:VLGEA) by 5.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 391,214 shares of the company’s stock after acquiring an additional 21,150 shares during the period. Village Super Market accounts for approximately 0.9% of Money Concepts Capital Corp’s portfolio, making the stock its 19th biggest position. Money Concepts Capital Corp’s holdings in Village Super Market were worth $16,521,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in Village Super Market by 121.9% during the 4th quarter. Farther Finance Advisors LLC now owns 932 shares of the company’s stock worth $33,000 after acquiring an additional 512 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Village Super Market by 60.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company’s stock worth $42,000 after purchasing an additional 451 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Village Super Market by 319.0% during the fourth quarter. State of Alaska Department of Revenue now owns 1,760 shares of the company’s stock worth $61,000 after purchasing an additional 1,340 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of Village Super Market during the first quarter worth about $77,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Village Super Market in the 4th quarter valued at about $115,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Village Super Market Stock Down 0.2%

Shares of Village Super Market stock opened at $42.42 on Friday. The company has a market cap of $628.24 million, a P/E ratio of 11.53 and a beta of 0.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.17. Village Super Market, Inc. has a one year low of $30.08 and a one year high of $48.21. The firm has a fifty day moving average of $43.00 and a two-hundred day moving average of $40.44.

Village Super Market (NASDAQ:VLGEA) last issued its earnings results on Wednesday, June 3rd. The company reported $0.61 earnings per share for the quarter. The business had revenue of $572.59 million for the quarter. Village Super Market had a net margin of 2.27% and a return on equity of 10.80%.

Village Super Market Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd will be given a $0.25 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. Village Super Market’s dividend payout ratio (DPR) is presently 27.17%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings cut Village Super Market from a “buy (a-)” rating to a “buy (b)” rating in a research report on Thursday, June 4th. Wall Street Zen cut Village Super Market from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Insider Buying and Selling

In other Village Super Market news, EVP John Sumas sold 12,703 shares of Village Super Market stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $41.30, for a total value of $524,633.90. Following the sale, the executive vice president owned 102,938 shares of the company’s stock, valued at approximately $4,251,339.40. The trade was a 10.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 59.12% of the stock is currently owned by insiders.

About Village Super Market

Village Super Market, Inc is a publicly traded supermarket operator headquartered in Springfield, New Jersey. The company operates a network of ShopRite-branded grocery stores under a membership agreement with Wakefern Food Corp., one of the largest retailer-owned cooperatives in the United States. Through its ShopRite banner, Village Super Market serves communities across northern and central New Jersey, offering a full range of grocery products from fresh produce, meat, seafood and bakery items to dairy, deli and health and beauty merchandise.

The company’s supermarkets feature an array of in-store services designed to meet diverse customer needs.