Jump Financial LLC Makes New Investment in Weis Markets, Inc. $WMK

Key Points

• Jump Financial LLC has invested $536,000 in Weis Markets, Inc. by acquiring approximately 6,958 shares during the first quarter.
• Weis Markets announced a quarterly dividend of $0.34 per share, resulting in an annualized dividend yield of 1.9% and a payout ratio of 33.83%.
• The company's stock has a current market capitalization of $1.77 billion and has experienced a 52-week range between $62.25 and $90.23.

Jump Financial LLC acquired a new stake in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,958 shares of the company's stock, valued at approximately $536,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Fifth Third Bancorp bought a new position in shares of Weis Markets during the 1st quarter valued at $58,000. State of Wyoming bought a new stake in Weis Markets in the 4th quarter worth $104,000. Exchange Traded Concepts LLC grew its holdings in Weis Markets by 1,258.8% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,079 shares of the company's stock worth $160,000 after acquiring an additional 1,926 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in Weis Markets by 12.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 3,404 shares of the company's stock worth $262,000 after acquiring an additional 379 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new stake in Weis Markets in the 4th quarter worth $309,000.

Wall Street Analyst Weigh In

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.

Weis Markets Stock Down 0.9%

Shares of NYSE:WMK traded down $0.62 on Thursday, hitting $71.66. The company had a trading volume of 38,244 shares, compared to its average volume of 122,201. The firm's 50-day simple moving average is $73.59 and its two-hundred day simple moving average is $76.25. Weis Markets, Inc. has a 1 year low of $62.25 and a 1 year high of $90.23. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 17.82 and a beta of 0.49.

Weis Markets (NYSE:WMK - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $1.01 EPS 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Monday, July 28th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, July 28th. Weis Markets's dividend payout ratio (DPR) is 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.