Goldman Sachs Group Inc. Lowers Stake in Village Super Market, Inc. (VLGEA)
Goldman Sachs Group Inc. lessened its holdings in Village Super Market, Inc. (NASDAQ:VLGEA) by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,617 shares of the company’s stock after selling 77 shares during the period. Goldman Sachs Group Inc. owned about 0.07% of Village Super Market worth $249,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Municipal Employees Retirement System of Michigan lifted its position in Village Super Market by 26.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 51,590 shares of the company’s stock valued at $1,337,000 after acquiring an additional 10,900 shares during the last quarter. Bessemer Group Inc. lifted its position in Village Super Market by 0.8% during the second quarter. Bessemer Group Inc. now owns 12,000 shares of the company’s stock valued at $311,000 after acquiring an additional 100 shares during the last quarter. Cigna Investments Inc. New purchased a new stake in Village Super Market during the second quarter valued at approximately $266,000. Trexquant Investment LP purchased a new stake in Village Super Market during the second quarter valued at approximately $216,000. Finally, Schwab Charles Investment Management Inc. lifted its position in Village Super Market by 8.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 83,346 shares of the company’s stock valued at $2,161,000 after acquiring an additional 6,666 shares during the last quarter. 42.27% of the stock is owned by hedge funds and other institutional investors.
In other Village Super Market news, EVP John Sumas sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $24.22, for a total transaction of $121,100.00. Following the transaction, the executive vice president now owns 135,605 shares in the company, valued at approximately $3,284,353.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 40.18% of the company’s stock.
Village Super Market, Inc. (NASDAQ:VLGEA) opened at $24.23 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.45 and a current ratio of 1.89. Village Super Market, Inc. has a 52 week low of $22.43 and a 52 week high of $36.42. The stock has a market cap of $348.45, a P/E ratio of 15.43 and a beta of 0.31.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, October 4th. This represents a $1.00 dividend on an annualized basis and a yield of 4.13%. Village Super Market’s payout ratio is 62.50%.
Separately, BidaskClub cut shares of Village Super Market from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th.
Village Super Market Company Profile
Village Super Market, Inc (Village) is engaged in retail sale of food and nonfood products. As of July 30, 2016, the Company operated a chain of 29 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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