Weis Markets, Inc. (NYSE:WMK) hit a new 52-week low on Friday . The company traded as low as $42.11 and last traded at $42.11, with a volume of 39,071 shares changing hands. The stock had previously closed at $44.30.

Separately, BidaskClub downgraded shares of Weis Markets from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th.

The firm’s 50 day moving average price is $45.78 and its 200 day moving average price is $53.18. The firm has a market capitalization of $1.13 billion, a P/E ratio of 13.797 and a beta of 0.72.

Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.69 earnings per share (EPS) for the quarter. The business had revenue of $876.57 million for the quarter. Weis Markets had a return on equity of 8.89% and a net margin of 2.42%.

The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.71%. The ex-dividend date was Thursday, July 27th. Weis Markets’s dividend payout ratio is 39.34%.

In other news, COO Kurt A. Schertle purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $45.47 per share, for a total transaction of $45,470.00. Following the completion of the acquisition, the chief operating officer now directly owns 1,000 shares in the company, valued at $45,470. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders purchased 2,025 shares of company stock worth $90,860. 26.90% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Morgan Dempsey Capital Management LLC boosted its holdings in Weis Markets by 55.4% in the second quarter. Morgan Dempsey Capital Management LLC now owns 103,993 shares of the company’s stock valued at $5,067,000 after acquiring an additional 37,082 shares during the last quarter. Strs Ohio boosted its holdings in Weis Markets by 18.0% during the second quarter. Strs Ohio now owns 14,400 shares of the company’s stock worth $701,000 after buying an additional 2,200 shares during the last quarter. Royce & Associates LP boosted its holdings in Weis Markets by 3.6% during the second quarter. Royce & Associates LP now owns 1,420,500 shares of the company’s stock worth $69,207,000 after buying an additional 49,500 shares during the last quarter. First Trust Advisors LP boosted its holdings in Weis Markets by 35.7% during the second quarter. First Trust Advisors LP now owns 450,435 shares of the company’s stock worth $21,945,000 after buying an additional 118,394 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Weis Markets by 14.6% during the second quarter. Gamco Investors INC. ET AL now owns 86,300 shares of the company’s stock worth $4,205,000 after buying an additional 11,000 shares during the last quarter. Institutional investors and hedge funds own 32.01% of the company’s stock.

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About Weis Markets

Weis Markets, Inc is engaged principally in the retail sale of food 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, fuel and general merchandise items, such as health and beauty care and household products.

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