Village Super Market, Inc. (VLGEA) To Go Ex-Dividend on October 4th
Village Super Market, Inc. (NASDAQ:VLGEA) declared a quarterly dividend on Friday, September 15th, Zacks reports. Shareholders of record on Thursday, October 5th will be given a dividend of 0.25 per share on Thursday, October 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Wednesday, October 4th.
Shares of Village Super Market (NASDAQ VLGEA) opened at 25.00 on Tuesday. Village Super Market has a 52-week low of $22.43 and a 52-week high of $36.42. The stock’s 50 day moving average is $23.74 and its 200 day moving average is $25.09. The company has a market capitalization of $360.43 million, a P/E ratio of 14.51 and a beta of 0.30.
Separately, BidaskClub lowered Village Super Market from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th.
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In other Village Super Market news, VP John Sumas sold 2,000 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $24.67, for a total value of $49,340.00. Following the completion of the transaction, the vice president now owns 121,205 shares in the company, valued at $2,990,127.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 40.12% of the company’s stock.
A hedge fund recently raised its stake in Village Super Market stock. The Manufacturers Life Insurance Company increased its stake in Village Super Market, Inc. (NASDAQ:VLGEA) by 23.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,332 shares of the company’s stock after buying an additional 1,398 shares during the period. The Manufacturers Life Insurance Company owned 0.05% of Village Super Market worth $191,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 42.85% of the company’s stock.
About Village Super Market
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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