Trexquant Investment LP acquired a new stake in Weis Markets, Inc. (NYSE:WMK) during the third quarter, according to its most recent filing with the SEC. The firm acquired 6,195 shares of the company’s stock, valued at approximately $269,000.
Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of Weis Markets by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,007 shares of the company’s stock worth $390,000 after purchasing an additional 163 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Weis Markets by 8.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,980 shares of the company’s stock worth $145,000 after purchasing an additional 240 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Weis Markets by 5.1% during the 2nd quarter. Nationwide Fund Advisors now owns 8,821 shares of the company’s stock worth $430,000 after purchasing an additional 429 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Weis Markets by 9.3% during the 2nd quarter. Voya Investment Management LLC now owns 6,563 shares of the company’s stock worth $320,000 after purchasing an additional 558 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Weis Markets by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 9,742 shares of the company’s stock worth $475,000 after purchasing an additional 729 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.
Separately, BidaskClub upgraded shares of Weis Markets from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th.
Weis Markets (NYSE:WMK) last issued its earnings results on Friday, November 3rd. The company reported $0.16 EPS for the quarter. The company had revenue of $854.26 million for the quarter. Weis Markets had a net margin of 2.16% and a return on equity of 8.13%.
The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 6th were given a dividend of $0.30 per share. The ex-dividend date was Friday, November 3rd. This represents a $1.20 annualized dividend and a dividend yield of 2.91%. Weis Markets’s payout ratio is currently 42.70%.
In other news, Director Edward John Lauth III purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was acquired at an average price of $34.77 per share, with a total value of $69,540.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $173,850. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Scott F. Frost purchased 600 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were purchased at an average cost of $42.85 per share, with a total value of $25,710.00. Following the purchase, the chief financial officer now directly owns 1,961 shares in the company, valued at $84,028.85. The disclosure for this purchase can be found here. Insiders have acquired a total of 13,200 shares of company stock worth $463,814 over the last 90 days. Insiders own 26.90% of the company’s stock.
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About Weis Markets
Weis Markets, Inc is engaged principally in the retail sale of food in Pennsylvania and surrounding states. The Company’s retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, fuel and general merchandise items, such as health and beauty care and household products.
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