GSA Capital Partners LLP Invests $896,000 in Weis Markets, Inc. $WMK

GSA Capital Partners LLP bought a new position in shares of Weis Markets, Inc. (NYSE:WMK) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 11,438 shares of the company’s stock, valued at approximately $896,000.

Several other institutional investors have also recently added to or reduced their stakes in WMK. EverSource Wealth Advisors LLC boosted its position in Weis Markets by 107.0% in the second quarter. EverSource Wealth Advisors LLC now owns 356 shares of the company’s stock valued at $26,000 after buying an additional 184 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Weis Markets by 788.6% during the second quarter. Versant Capital Management Inc now owns 391 shares of the company’s stock worth $31,000 after buying an additional 347 shares in the last quarter. Torren Management LLC bought a new position in shares of Weis Markets in the fourth quarter valued at approximately $26,000. GAMMA Investing LLC raised its stake in shares of Weis Markets by 45.9% in the second quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $36,000 after acquiring an additional 145 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Weis Markets in the 2nd quarter worth approximately $55,000.

Weis Markets Stock Up 0.2%

Weis Markets stock opened at $70.39 on Wednesday. The stock has a 50-day simple moving average of $77.29 and a 200 day simple moving average of $72.83. Weis Markets, Inc. has a 12-month low of $59.99 and a 12-month high of $83.74. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 17.47 and a beta of 0.45.

Weis Markets (NYSE:WMK) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.92 EPS for the quarter. The firm had revenue of $1.28 billion for the quarter. Weis Markets had a net margin of 1.99% and a return on equity of 7.40%.

Weis Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, July 27th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Monday, July 27th. Weis Markets’s dividend payout ratio is presently 33.75%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Weis Markets from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Weis Markets presently has a consensus rating of “Buy”.

Weis Markets Company Profile

Weis Markets, Inc (NYSE: WMK) is a regional supermarket chain headquartered in Sunbury, Pennsylvania, operating more than 200 stores across the Mid-Atlantic and Eastern Seaboard. Founded in 1912 by Harry and Sigmund Weis as a small produce and egg business, the company has grown into a full-service grocer serving Pennsylvania, Maryland, New York, New Jersey, Delaware, Virginia, West Virginia and Ohio. Weis Markets offers a broad selection of products including fresh produce, bakery, deli, dairy, meat and seafood, alongside grocery, general merchandise and prepared foods.

In addition to traditional grocery offerings, Weis Markets provides pharmacy services in many of its locations, as well as in-store fuel centers at select sites.