Insider Selling: Village Super Market Major Shareholder Unloads 13,037 Shares of Stock (VLGEA)
Village Super Market (NASDAQ:VLGEA) major shareholder Of Perry Sumas Estate unloaded 13,037 shares of the stock on the open market in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $34.71, for a total value of $452,514.27. Following the completion of the transaction, the insider now directly owns 1,534,378 shares in the company, valued at approximately $53,258,260. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of Village Super Market (NASDAQ:VLGEA) traded up 1.04% on Thursday, hitting $34.89. The stock had a trading volume of 16,875 shares. Village Super Market has a 1-year low of $29.51 and a 1-year high of $39.71. The stock has a 50-day moving average of $36.50 and a 200-day moving average of $35.52. The company has a market cap of $482.0 million and a price-to-earnings ratio of 18.50.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 24th. Investors 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 2.90%. 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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