Village Super Market, Inc. (NASDAQ:VLGEA) Major Shareholder Robert Sumas Sells 400 Shares

Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) major shareholder Robert Sumas sold 400 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $35.95, for a total transaction of $14,380.00. Following the completion of the transaction, the insider now owns 92,131 shares in the company, valued at approximately $3,312,109.45. This trade represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Robert Sumas also recently made the following trade(s):

• On Tuesday, April 15th, Robert Sumas sold 1,500 shares of Village Super Market stock. The stock was sold at an average price of $35.81, for a total transaction of $53,715.00.
• On Tuesday, April 8th, Robert Sumas sold 943 shares of Village Super Market stock. The shares were sold at an average price of $36.21, for a total value of $34,146.03.

Village Super Market Price Performance

Shares of VLGEA traded down $0.61 during midday trading on Friday, reaching $34.78. The stock had a trading volume of 34,652 shares, compared to its average volume of 30,350. The company's 50-day moving average is $34.24 and its 200 day moving average is $32.64. The company has a market capitalization of $512.90 million, a price-to-earnings ratio of 10.02 and a beta of 0.42. Village Super Market, Inc. has a 12-month low of $24.57 and a 12-month high of $38.70. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.18.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported $1.14 EPS for the quarter. Village Super Market had a net margin of 2.29% and a return on equity of 12.15%. The firm had revenue of $599.65 million for the quarter.

Village Super Market Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.00 annualized dividend and a yield of 2.88%. Village Super Market's payout ratio is 27.47%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Abound Wealth Management purchased a new position in Village Super Market in the first quarter worth about $57,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Village Super Market during the third quarter valued at approximately $54,000. SBI Securities Co. Ltd. purchased a new position in Village Super Market in the 4th quarter worth approximately $78,000. GAMMA Investing LLC lifted its position in Village Super Market by 8,860.7% in the 1st quarter. GAMMA Investing LLC now owns 2,509 shares of the company's stock valued at $95,000 after acquiring an additional 2,481 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Village Super Market during the 4th quarter valued at $118,000. Hedge funds and other institutional investors own 39.02% of the company's stock.

About Village Super Market

Village Super Market, Inc operates a chain of supermarkets in the United States. The company offers grocery, meat, produce, dairy, deli, seafood, prepared foods, and bakery and frozen foods. It also provides non-food products, including health and beauty care, general merchandise, liquor, and pharmacy products through retail and online stores.