Squarepoint Ops LLC Raises Stock Position in Weis Markets, Inc. $WMK

Squarepoint Ops LLC grew its stake in Weis Markets, Inc. (NYSE:WMK) by 457.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,115 shares of the company’s stock after buying an additional 56,712 shares during the period. Squarepoint Ops LLC owned 0.28% of Weis Markets worth $5,010,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WMK. AlphaQuest LLC lifted its position in Weis Markets by 5.2% in the second quarter. AlphaQuest LLC now owns 2,938 shares of the company’s stock valued at $213,000 after acquiring an additional 144 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of Weis Markets by 1.3% during the second quarter. SummerHaven Investment Management LLC now owns 12,560 shares of the company’s stock worth $910,000 after purchasing an additional 167 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Weis Markets by 107.0% during the second 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. Teacher Retirement System of Texas lifted its holdings in shares of Weis Markets by 2.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 7,672 shares of the company’s stock valued at $556,000 after purchasing an additional 219 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Weis Markets by 5.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,378 shares of the company’s stock valued at $317,000 after purchasing an additional 238 shares during the period.

Insider Buying and Selling

In other news, COO Robert G. Gleeson bought 500 shares of Weis Markets stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $65.51 per share, for a total transaction of $32,755.00. Following the purchase, the chief operating officer owned 1,000 shares of the company’s stock, valued at approximately $65,510. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 27.00% of the company’s stock.

Weis Markets Stock Down 0.6%

Shares of WMK stock opened at $67.24 on Tuesday. The stock’s 50-day moving average price is $66.47 and its 200 day moving average price is $70.87. The stock has a market capitalization of $1.66 billion, a PE ratio of 17.69 and a beta of 0.45. Weis Markets, Inc. has a 52-week low of $61.53 and a 52-week high of $90.23.

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

Weis Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, November 10th. Weis Markets’s payout ratio is currently 35.79%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Weis Markets in a research report on Thursday, October 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

About Weis Markets

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.