Quantbot Technologies LP Acquires Shares of 9,309 Weis Markets, Inc. $WMK

Quantbot Technologies LP bought a new stake in shares of Weis Markets, Inc. (NYSE:WMK) in the 2nd quarter, HoldingsChannel reports. The fund bought 9,309 shares of the company’s stock, valued at approximately $729,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Torren Management LLC purchased a new stake in Weis Markets during the fourth quarter worth about $26,000. EverSource Wealth Advisors LLC boosted its stake in Weis Markets by 107.0% in 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 last quarter. Versant Capital Management Inc grew its position in shares of Weis Markets by 788.6% during the 2nd quarter. Versant Capital Management Inc now owns 391 shares of the company’s stock valued at $31,000 after acquiring an additional 347 shares during the period. GAMMA Investing LLC grew its position in shares of Weis Markets by 45.9% during the 2nd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $36,000 after acquiring an additional 145 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Weis Markets by 78.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 772 shares of the company’s stock worth $49,000 after purchasing an additional 340 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Weis Markets Trading Down 0.4%

Shares of WMK stock opened at $70.62 on Thursday. The stock has a market capitalization of $1.75 billion, a P/E ratio of 17.52 and a beta of 0.45. The firm’s 50 day moving average is $76.12 and its 200 day moving average is $72.77. Weis Markets, Inc. has a 12 month low of $59.99 and a 12 month high of $83.74.

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

Weis Markets Dividend Announcement

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

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.