Weis Markets, Inc. $WMK Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its holdings in Weis Markets, Inc. (NYSE:WMK) by 457.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,115 shares of the company’s stock after buying an additional 56,712 shares during the quarter. Squarepoint Ops LLC’s holdings in Weis Markets were worth $5,010,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of WMK. EverSource Wealth Advisors LLC boosted its position in shares of Weis Markets by 107.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock worth $26,000 after purchasing an additional 184 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Weis Markets in the 2nd quarter valued at about $55,000. Tower Research Capital LLC TRC lifted its stake in shares of Weis Markets by 138.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,330 shares of the company’s stock valued at $96,000 after purchasing an additional 773 shares during the period. AlphaQuest LLC boosted its holdings in Weis Markets by 5.2% during the second quarter. AlphaQuest LLC now owns 2,938 shares of the company’s stock worth $213,000 after buying an additional 144 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new stake in Weis Markets during the second quarter worth about $222,000.

Weis Markets Trading Down 0.6%

NYSE:WMK opened at $67.24 on Tuesday. The firm has a 50-day moving average price of $66.47 and a two-hundred day moving average price of $70.87. Weis Markets, Inc. has a twelve month low of $61.53 and a twelve month high of $90.23. The company has a market capitalization of $1.66 billion, a P/E ratio of 17.69 and a beta of 0.45.

Weis Markets (NYSE:WMK) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.74 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 2.05% and a return on equity of 7.16%. The company had revenue of $1.24 billion for the quarter.

Weis Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, November 10th. Weis Markets’s dividend payout ratio is 35.79%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weis Markets in a report on Thursday, October 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Weis Markets has an average rating of “Hold”.

Insiders Place Their Bets

In related news, COO Robert G. Gleeson purchased 500 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $65.51 per share, with a total value of $32,755.00. Following the completion of the acquisition, the chief operating officer directly owned 1,000 shares in the company, valued at $65,510. The trade was a 100.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 27.00% of the company’s stock.

Weis Markets Profile

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets 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, and fuel; and general merchandise items, such as health and beauty care, and household products.