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Village super market director Robert Sumas sells $105,828 in stock

Published 19/04/2025, 02:52
Village super market director Robert Sumas sells $105,828 in stock
VLGEA
0.14%

SPRINGFIELD, N.J.—Robert Sumas, a director and member of the 10% owner group at Village Super Market Inc. (NASDAQ:VLGEA), a $513 million market cap grocery retailer trading at an attractive P/E ratio of 8.9, recently sold shares of the company’s Class A common stock. According to InvestingPro analysis, the company appears slightly undervalued at current levels. According to a filing with the Securities and Exchange Commission, Sumas sold 3,000 shares on April 16 at a weighted average price of $35.276 per share, totaling approximately $105,828.

The shares were sold in multiple transactions with prices ranging from $35.089 to $35.419 per share. Following this transaction, Sumas holds 84,931 shares directly.

In addition to his direct holdings, Sumas also indirectly owns 504 shares through the Robert Sumas Family LLC, where he serves as a manager alongside Nicholas Sumas.

In other recent news, Village Super Market announced the declaration of quarterly cash dividends for its shareholders. The dividends are set at $0.25 per Class A common share and $0.1625 per Class B common share. Shareholders of record as of the close of business on April 3, 2025, will be eligible for the dividend, which is payable on April 24, 2025. This announcement reflects the company’s ongoing commitment to providing value to its shareholders. Dividends are a common way for companies to distribute a portion of their earnings back to shareholders, often indicating financial health and stability. Village Super Market operates 34 supermarkets under the ShopRite and Fairway brands across multiple states and has three Gourmet Garage specialty markets in New York City. The company has not disclosed additional details regarding its financial performance or future strategies related to this dividend announcement. This information is based on a press release statement from Village Super Market, Inc.

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