Jump Financial LLC Invests $536,000 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 purchased a new position in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,958 shares of the company's stock, valued at approximately $536,000.

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

Weis Markets Stock Down 0.1%

WMK stock traded down $0.09 during midday trading on Friday, hitting $72.14. The company's stock had a trading volume of 17,530 shares, compared to its average volume of 121,974. Weis Markets, Inc. has a 52-week low of $62.25 and a 52-week high of $90.23. The firm has a market capitalization of $1.79 billion, a P/E ratio of 17.97 and a beta of 0.49. The firm has a 50-day simple moving average of $73.59 and a 200-day simple moving average of $76.26.

Weis Markets (NYSE:WMK - Get Free Report) last issued its quarterly 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 company 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. Shareholders of record on Monday, July 28th were given a $0.34 dividend. This represents a $1.36 annualized dividend 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 currently 33.83%.

Wall Street Analyst Weigh In

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

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.