Short Interest in Village Super Market, Inc. (NASDAQ:VLGEA) Decreases By 63.7%

Village Super Market, Inc. (NASDAQ:VLGEA) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 60,500 shares, a drop of 63.7% from the February 28th total of 166,500 shares. Based on an average daily trading volume, of 31,100 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VLGEA. Wilmington Savings Fund Society FSB acquired a new position in shares of Village Super Market in the 3rd quarter valued at approximately $54,000. SBI Securities Co. Ltd. bought a new stake in shares of Village Super Market in the fourth quarter worth $78,000. SG Americas Securities LLC acquired a new stake in Village Super Market in the fourth quarter valued at $118,000. BNP Paribas Financial Markets boosted its stake in Village Super Market by 239.9% during the 4th quarter. BNP Paribas Financial Markets now owns 5,945 shares of the company’s stock valued at $190,000 after acquiring an additional 4,196 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Village Super Market by 129.2% during the 4th quarter. Deutsche Bank AG now owns 6,270 shares of the company’s stock worth $200,000 after acquiring an additional 3,534 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Village Super Market Stock Performance

Village Super Market stock opened at $36.97 on Friday. The firm has a market capitalization of $545.20 million, a PE ratio of 10.65 and a beta of 0.30. Village Super Market has a one year low of $24.57 and a one year high of $37.20. The stock’s 50 day moving average price is $33.50 and its 200 day moving average price is $32.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.86 and a current ratio of 1.13.

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

Village Super Market Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, April 3rd. Village Super Market’s payout ratio is 27.47%.

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.