Village Super Market, Inc. (NASDAQ:VLGEA)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $26.65 and traded as high as $26.69. Village Super Market shares last traded at $26.69, with a volume of 405 shares changing hands.
Separately, BidaskClub raised Village Super Market from a “sell” rating to a “hold” rating in a research report on Friday, May 24th.
The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.67. The company has a 50-day simple moving average of $26.62. The stock has a market capitalization of $381.74 million, a price-to-earnings ratio of 16.15 and a beta of 0.38.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Tuesday, July 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, July 1st.
In related news, Director Peter Lavoy sold 2,500 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $27.41, for a total transaction of $68,525.00. Following the completion of the sale, the director now directly owns 31,028 shares in the company, valued at approximately $850,477.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 5,383 shares of company stock worth $144,988 in the last three months. Corporate insiders own 31.63% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP grew its stake in Village Super Market by 20.5% during the 1st quarter. Marshall Wace LLP now owns 3,168 shares of the company’s stock worth $87,000 after purchasing an additional 540 shares in the last quarter. Williams Jones & Associates LLC acquired a new position in Village Super Market during the 1st quarter worth $1,448,000. O Shaughnessy Asset Management LLC grew its stake in Village Super Market by 8.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,037 shares of the company’s stock worth $219,000 after purchasing an additional 600 shares in the last quarter. Alambic Investment Management L.P. grew its stake in Village Super Market by 44.3% during the 1st quarter. Alambic Investment Management L.P. now owns 19,284 shares of the company’s stock worth $527,000 after purchasing an additional 5,922 shares in the last quarter. Finally, Royce & Associates LP grew its stake in Village Super Market by 2.9% during the 1st quarter. Royce & Associates LP now owns 1,025,733 shares of the company’s stock worth $28,033,000 after purchasing an additional 29,350 shares in the last quarter. Hedge funds and other institutional investors own 45.72% of the company’s stock.
Village Super Market Company Profile (NASDAQ:VLGEA)
Village Super Market, Inc operates a chain of supermarkets in the United States. Its stores feature specialty departments, such as an on-site bakery, an expanded delicatessen, various natural and organic foods, ethnic and international foods, prepared foods, and pharmacies. The company operates a chain of 30 ShopRite supermarkets, including 18 located in northern New Jersey, 8 located in southern New Jersey, 2 located in Maryland, 1 located in northeastern Pennsylvania, and 1 in Bronx, New York City.
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