GAMMA Investing LLC Has $1.21 Million Stock Position in Weis Markets, Inc. (NYSE:WMK)

GAMMA Investing LLC increased its position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 8,730.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,718 shares of the company's stock after acquiring an additional 15,540 shares during the period. GAMMA Investing LLC owned about 0.06% of Weis Markets worth $1,211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of Weis Markets by 14.8% during the fourth quarter. American Century Companies Inc. now owns 485,287 shares of the company's stock valued at $32,864,000 after purchasing an additional 62,472 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in Weis Markets by 259.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 72,233 shares of the company's stock valued at $4,892,000 after buying an additional 52,134 shares during the last quarter. Norges Bank bought a new position in Weis Markets in the 4th quarter valued at approximately $3,418,000. Vanguard Group Inc. raised its holdings in Weis Markets by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 1,842,882 shares of the company's stock valued at $124,800,000 after buying an additional 30,772 shares during the last quarter. Finally, ExodusPoint Capital Management LP acquired a new stake in Weis Markets during the 4th quarter worth approximately $1,502,000.

Weis Markets Trading Down 0.9%

WMK stock traded down $0.67 during trading on Thursday, hitting $73.24. The company had a trading volume of 103,587 shares, compared to its average volume of 98,927. The stock has a market cap of $1.97 billion, a PE ratio of 18.36 and a beta of 0.47. The business has a 50-day moving average of $78.94 and a 200-day moving average of $74.38. Weis Markets, Inc. has a one year low of $61.58 and a one year high of $90.23.

Weis Markets (NYSE:WMK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.76 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 2.24% and a return on equity of 7.49%. The firm had revenue of $1.20 billion for the quarter.

Weis Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a dividend of $0.34 per share. The ex-dividend date was Monday, May 12th. This represents a $1.36 dividend on an annualized basis and a yield of 1.86%. Weis Markets's dividend payout ratio (DPR) is currently 34.09%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Weis Markets from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 8th.

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.