Village Super Market (NASDAQ:VLGEA) Trading 3.3% Higher – Here’s What Happened

Shares of Village Super Market, Inc. (NASDAQ:VLGEA) rose 3.3% on Friday . The company traded as high as $36.68 and last traded at $37.19. Approximately 36,066 shares were traded during trading, an increase of 28% from the average daily volume of 28,222 shares. The stock had previously closed at $36.00.

Village Super Market Stock Up 2.7 %

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.13 and a quick ratio of 0.86. The stock has a 50 day simple moving average of $33.40 and a 200-day simple moving average of $32.13. The firm has a market cap of $545.20 million, a PE ratio of 10.65 and a beta of 0.30.

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

Village Super Market Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, April 3rd. Village Super Market’s dividend payout ratio (DPR) is currently 27.47%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VLGEA. Wilmington Savings Fund Society FSB bought a new position in Village Super Market during the third quarter valued at approximately $54,000. SBI Securities Co. Ltd. bought a new position in shares of Village Super Market during the 4th quarter valued at $78,000. SG Americas Securities LLC bought a new position in shares of Village Super Market during the 4th quarter valued at $118,000. BNP Paribas Financial Markets boosted its stake in shares of Village Super Market by 239.9% in the 4th quarter. BNP Paribas Financial Markets now owns 5,945 shares of the company’s stock worth $190,000 after buying an additional 4,196 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Village Super Market by 129.2% in the fourth quarter. Deutsche Bank AG now owns 6,270 shares of the company’s stock worth $200,000 after acquiring an additional 3,534 shares during the period. 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.