Trend followers stage recovery as stretched S&P, Nasdaq longs fuel gains
SPRINGFIELD, N.J.—Robert Sumas, a director at Village Super Market Inc. (NASDAQ:VLGEA), recently executed stock sales totaling $149,810, according to a recent SEC filing. The transactions involved the sale of 4,200 shares of Class A common stock on April 14 and April 15. The shares were sold at an average price ranging between $35.588 and $35.815 per share. The stock, currently trading at $35.39, has shown strong momentum with a 34.6% return over the past year.
Following these sales, Sumas holds 87,931 shares directly. Additionally, the Robert Sumas Family LLC, managed by Robert Sumas and Nicholas Sumas, retains ownership of 504 shares indirectly. The company maintains a solid financial profile with a "Good" health score according to InvestingPro analysis.
Village Super Market Inc., based in Springfield, New Jersey, operates a chain of grocery stores and is publicly traded on the NASDAQ under the ticker VLGEA. The company has maintained dividend payments for 23 consecutive years, currently offering a 2.8% yield. InvestingPro subscribers can access additional insights and metrics about VLGEA’s financial performance and valuation.
In other recent news, Village Super Market has 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 decision underscores the company’s ongoing commitment to providing value to its shareholders. Dividends serve as a method for companies to distribute a portion of their earnings back to shareholders, often reflecting financial health and stability. Village Super Market operates 34 supermarkets under the ShopRite and Fairway brands across New Jersey, Maryland, New York, and eastern Pennsylvania, along with three Gourmet Garage specialty markets in New York City. The announcement did not include additional details regarding financial performance or future business strategies. The information was sourced from a press release issued by Village Super Market, Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.