Gabelli Funds LLC decreased its position in Weis Markets, Inc. (NYSE:WMK) by 0.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 66,500 shares of the company’s stock after selling 500 shares during the period. Gabelli Funds LLC’s holdings in Weis Markets were worth $2,536,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. CWM LLC purchased a new position in Weis Markets in the third quarter valued at approximately $25,000. Quadrant Capital Group LLC bought a new stake in Weis Markets during the 3rd quarter valued at $31,000. Denali Advisors LLC bought a new stake in Weis Markets during the 2nd quarter valued at $84,000. Parallel Advisors LLC raised its holdings in Weis Markets by 1,114.2% during the 2nd quarter. Parallel Advisors LLC now owns 3,254 shares of the company’s stock valued at $118,000 after acquiring an additional 2,986 shares during the period. Finally, Marshall Wace North America L.P. bought a new stake in Weis Markets during the 2nd quarter valued at $222,000. Institutional investors and hedge funds own 38.87% of the company’s stock.
WMK stock traded down $1.27 during midday trading on Friday, reaching $39.39. 47,860 shares of the company’s stock traded hands, compared to its average volume of 93,136. The company has a 50-day moving average price of $37.54 and a two-hundred day moving average price of $38.10. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.76 and a current ratio of 1.73. Weis Markets, Inc. has a 52 week low of $35.26 and a 52 week high of $53.30. The firm has a market capitalization of $1.09 billion, a PE ratio of 17.49 and a beta of 0.05.
The firm also recently announced a dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, November 7th.
Weis Markets Profile
Weis Markets, Inc engages in the retail sale of food 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.
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