Village Super Market (NASDAQ:VLGEA) Hits New 52-Week High – Here’s What Happened

Village Super Market, Inc. (NASDAQ:VLGEA) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $33.88 and last traded at $33.88, with a volume of 6507 shares traded. The stock had previously closed at $33.13.

Village Super Market Trading Down 1.6 %

The company has a 50 day simple moving average of $31.07 and a two-hundred day simple moving average of $29.41. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.88 and a current ratio of 1.15. The firm has a market cap of $483.83 million, a PE ratio of 9.68 and a beta of 0.28.

Village Super Market (NASDAQ:VLGEA) last issued its quarterly earnings results on Tuesday, October 8th. The company reported $1.14 earnings per share for the quarter. Village Super Market had a net margin of 2.26% and a return on equity of 12.14%. The company had revenue of $578.24 million for the quarter.

Village Super Market Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 3.05%. Village Super Market’s dividend payout ratio is presently 29.50%.

Insiders Place Their Bets

In other news, Director Kevin Begley sold 1,000 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $30.00, for a total value of $30,000.00. Following the sale, the director now owns 60,261 shares in the company, valued at $1,807,830. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 10,933 shares of company stock valued at $330,872. Company insiders own 56.78% of the company’s stock.

Institutional Trading of Village Super Market

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC raised its position in shares of Village Super Market by 5.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,627 shares of the company’s stock worth $228,000 after acquiring an additional 428 shares during the period. Mackenzie Financial Corp increased its stake in shares of Village Super Market by 2.4% in the 2nd quarter. Mackenzie Financial Corp now owns 18,913 shares of the company’s stock valued at $499,000 after purchasing an additional 446 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Village Super Market by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 23,931 shares of the company’s stock worth $761,000 after purchasing an additional 965 shares during the period. Ellsworth Advisors LLC grew its holdings in Village Super Market by 5.3% in the third quarter. Ellsworth Advisors LLC now owns 19,981 shares of the company’s stock valued at $635,000 after purchasing an additional 998 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of Village Super Market by 6.0% in the first quarter. Janney Montgomery Scott LLC now owns 21,794 shares of the company’s stock valued at $624,000 after buying an additional 1,236 shares in the last quarter. 39.02% of the stock is owned by hedge funds and other institutional investors.

Village Super Market Company Profile

Village Super Market, Inc operates a chain of supermarkets in the United States. The company offers grocery, meat, produce, dairy, deli, seafood, prepared foods, and bakery and frozen foods. It also provides non-food products, including health and beauty care, general merchandise, liquor, and pharmacy products through retail and online stores.