Insider Selling: Of Perry Sumas Estate Sells 9,523 Shares of Village Super Market Stock (VLGEA)
Village Super Market (NASDAQ:VLGEA) major shareholder Of Perry Sumas Estate sold 9,523 shares of the company’s stock on the open market in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $34.74, for a total transaction of $330,829.02. Following the completion of the sale, the insider now directly owns 1,557,557 shares of the company’s stock, valued at approximately $54,109,530. The sale was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Village Super Market (NASDAQ:VLGEA) traded down 0.17% during mid-day trading on Tuesday, hitting $34.79. 13,746 shares of the company’s stock traded hands. Village Super Market has a 52-week low of $29.51 and a 52-week high of $39.71. The stock’s 50-day moving average is $36.59 and its 200-day moving average is $35.52. The company has a market cap of $480.6 million and a P/E ratio of 18.68.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 24th. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Monday, September 30th.
Village Super Market, Inc (NASDAQ:VLGEA) operated a chain of 26 ShopRite supermarkets, 18 of which are located in northern New Jersey, eight in southern New Jersey, two in Maryland and one in northeastern Pennsylvania.
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