Bridgeway Capital Management LLC Has $7.30 Million Stock Position in Weis Markets, Inc. $WMK

Key Points

• Bridgeway Capital Management LLC increased its stake in Weis Markets, Inc. by 31.2%, acquiring an additional 22,556 shares to reach a total of 94,789 shares valued at approximately $7.3 million.
• Weis Markets reported a quarterly revenue of $1.21 billion and earnings per share of $1.01, while also announcing a quarterly dividend of $0.34 per share.
• Wall Street Zen downgraded Weis Markets from a "strong-buy" to a "buy" rating in early May.

Bridgeway Capital Management LLC raised its position in Weis Markets, Inc. (NYSE:WMK - Free Report) by 31.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,789 shares of the company's stock after buying an additional 22,556 shares during the period. Bridgeway Capital Management LLC owned 0.35% of Weis Markets worth $7,303,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Vest Financial LLC bought a new stake in Weis Markets during the 1st quarter worth approximately $865,000. GAMMA Investing LLC grew its holdings in shares of Weis Markets by 8,730.3% during the first quarter. GAMMA Investing LLC now owns 15,718 shares of the company's stock worth $1,211,000 after purchasing an additional 15,540 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Weis Markets during the first quarter worth $713,000. Jump Financial LLC acquired a new position in Weis Markets during the 1st quarter worth about $536,000. Finally, Brandywine Global Investment Management LLC bought a new stake in Weis Markets during the 1st quarter worth about $7,255,000.

Weis Markets Stock Performance

Shares of NYSE WMK traded down $1.47 during trading on Wednesday, reaching $69.73. The company had a trading volume of 22,991 shares, compared to its average volume of 122,355. Weis Markets, Inc. has a 52 week low of $62.25 and a 52 week high of $90.23. The business's 50 day moving average price is $73.50 and its 200-day moving average price is $76.30. The stock has a market cap of $1.73 billion, a PE ratio of 17.35 and a beta of 0.49.

Weis Markets (NYSE:WMK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.01 earnings per share for the quarter. Weis Markets had a net margin of 2.23% and a return on equity of 7.60%. The firm had revenue of $1.21 billion during the quarter.

Weis Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Monday, July 28th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, July 28th. Weis Markets's dividend payout ratio (DPR) is presently 33.83%.

Weis Markets Profile

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.