GSA Capital Partners LLP Takes Position in Weis Markets, Inc. $WMK

GSA Capital Partners LLP bought a new position in shares of Weis Markets, Inc. (NYSE:WMK) in the second quarter, HoldingsChannel reports. The institutional investor bought 11,438 shares of the company’s stock, valued at approximately $896,000.

Several other large investors have also made changes to their positions in WMK. EverSource Wealth Advisors LLC lifted its stake in shares of Weis Markets by 107.0% during the second quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock valued at $26,000 after acquiring an additional 184 shares during the period. Versant Capital Management Inc increased its position in Weis Markets by 788.6% in the second quarter. Versant Capital Management Inc now owns 391 shares of the company’s stock worth $31,000 after purchasing an additional 347 shares during the period. Torren Management LLC bought a new stake in Weis Markets during the 4th quarter worth about $26,000. GAMMA Investing LLC raised its holdings in Weis Markets by 45.9% during the 2nd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock worth $36,000 after purchasing an additional 145 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Weis Markets during the 2nd quarter valued at about $55,000.

Weis Markets Stock Performance

WMK opened at $70.39 on Wednesday. The company has a fifty day moving average price of $77.29 and a two-hundred day moving average price of $72.83. Weis Markets, Inc. has a 52 week low of $59.99 and a 52 week high of $83.74. The firm has a market capitalization of $1.74 billion, a PE ratio of 17.47 and a beta of 0.45.

Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.92 earnings per share for the quarter. The company had revenue of $1.28 billion for the quarter. Weis Markets had a return on equity of 7.40% and a net margin of 1.99%.

Weis Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, July 27th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Monday, July 27th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. Weis Markets’s payout ratio is 33.75%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Weis Markets from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Weis Markets has an average rating of “Buy”.

About Weis Markets

Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.