Dark Forest Capital Management LP Decreases Stock Position in Weis Markets, Inc. (NYSE:WMK)

Dark Forest Capital Management LP trimmed its stake in shares of Weis Markets, Inc. (NYSE:WMK) by 14.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,522 shares of the company’s stock after selling 1,931 shares during the quarter. Dark Forest Capital Management LP’s holdings in Weis Markets were worth $723,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WMK. American Century Companies Inc. grew its position in shares of Weis Markets by 29.1% during the second quarter. American Century Companies Inc. now owns 334,324 shares of the company’s stock worth $20,986,000 after buying an additional 75,395 shares in the last quarter. GAMMA Investing LLC grew its holdings in Weis Markets by 228.7% during the 2nd quarter. GAMMA Investing LLC now owns 572 shares of the company’s stock worth $36,000 after acquiring an additional 398 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Weis Markets by 1.5% in the 4th quarter. Allianz Asset Management GmbH now owns 57,387 shares of the company’s stock valued at $3,670,000 after purchasing an additional 845 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Weis Markets by 14.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,715 shares of the company’s stock valued at $304,000 after purchasing an additional 588 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Weis Markets by 26.5% in the 1st quarter. Russell Investments Group Ltd. now owns 19,849 shares of the company’s stock valued at $1,278,000 after purchasing an additional 4,161 shares in the last quarter.

Weis Markets Trading Up 0.4 %

Shares of WMK stock opened at $68.56 on Friday. Weis Markets, Inc. has a 12 month low of $58.87 and a 12 month high of $76.62. The company has a market cap of $1.84 billion, a P/E ratio of 18.28 and a beta of 0.46. The firm has a fifty day moving average price of $68.85 and a 200 day moving average price of $65.71.

Weis Markets (NYSE:WMK) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.98 EPS for the quarter. The business had revenue of $1.18 billion for the quarter. Weis Markets had a return on equity of 6.74% and a net margin of 1.97%.

Weis Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Monday, July 29th were issued a dividend of $0.34 per share. The ex-dividend date was Monday, July 29th. This represents a $1.36 dividend on an annualized basis and a yield of 1.98%. Weis Markets’s payout ratio is currently 36.27%.

About Weis Markets

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.