GSA Capital Partners LLP Sells 12,615 Shares of Weis Markets, Inc. (NYSE:WMK)

Key Points

• GSA Capital Partners LLP has reduced its holdings in Weis Markets, Inc. by 56.8%, owning 9,605 shares after selling 12,615 shares in the first quarter.
• Weis Markets reported $0.76 earnings per share and a revenue of $1.20 billion for the last quarter, alongside declaring a quarterly dividend of $0.34.
• Analysts have downgraded Weis Markets from a "strong-buy" to a "buy" rating, reflecting changing opinions on the stock's potential.

GSA Capital Partners LLP cut its stake in Weis Markets, Inc. (NYSE:WMK - Free Report) by 56.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,605 shares of the company's stock after selling 12,615 shares during the quarter. GSA Capital Partners LLP's holdings in Weis Markets were worth $740,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in WMK. Vanguard Group Inc. grew its position in shares of Weis Markets by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 1,842,882 shares of the company's stock valued at $124,800,000 after purchasing an additional 30,772 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Weis Markets by 62.5% in the fourth quarter. JPMorgan Chase & Co. now owns 54,952 shares of the company's stock valued at $3,721,000 after purchasing an additional 21,144 shares in the last quarter. Norges Bank purchased a new position in shares of Weis Markets in the fourth quarter valued at $3,418,000. O Shaughnessy Asset Management LLC grew its position in shares of Weis Markets by 19.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,693 shares of the company's stock valued at $453,000 after purchasing an additional 1,111 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Weis Markets by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 442,810 shares of the company's stock valued at $29,994,000 after purchasing an additional 7,846 shares in the last quarter.

Wall Street Analyst Weigh In

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

Weis Markets Trading Up 0.1%

Shares of NYSE WMK traded up $0.09 during mid-day trading on Friday, hitting $72.50. The company had a trading volume of 112,204 shares, compared to its average volume of 107,539. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 18.17 and a beta of 0.47. Weis Markets, Inc. has a 1 year low of $62.25 and a 1 year high of $90.23. The stock's 50-day moving average price is $74.98 and its 200-day moving average price is $75.76.

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

Weis Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 11th. Investors of record on Monday, July 28th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Monday, July 28th. This represents a $1.36 annualized dividend and a yield of 1.9%. Weis Markets's dividend payout ratio (DPR) is currently 34.09%.

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.