Village Super Market director Kevin Begley sold $278,591 worth of stock Via Investing.com
SPRINGFIELD, NJ—Kevin Begley, director at Village Super Market Inc. (NASDAQ:VLGEA), recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Begley sold a total of 9,300 shares of Class A Common Stock in three consecutive days, from October 23 to October 25, 2024.
Transactions were made at prices ranging from $29.886 to $30.00 per share, resulting in a total sale price of $278,591. Following this transaction, Begley now owns 51,961 shares directly.
These sales were made through multiple transactions, with prices reflecting weighted averages. The filing notes that Begley is willing to provide detailed information about each transaction upon request.
Village Super Market, based in Springfield, New Jersey, operates a chain of grocery stores and is publicly traded on the NASDAQ exchange under the ticker VLGEA.
InvestingPro Insights
Village Super Market Inc. (NASDAQ:VLGEA) presents an interesting investment profile that adds context to Director Kevin Begley’s recent stock sales. According to InvestingPro data, the company’s market capitalization stands at $441.56 million, with a price-to-earnings (P/E) ratio of 8.81, which reflects low earnings compared to most in the retail sector.
An InvestingPro Tip highlights that Village Super Market has maintained a dividend payout ratio of 22 years in a row, demonstrating its commitment to shareholder return with a dividend yield of 3.36%. This consistent dividend history may provide reassurance to investors due to insider trading.
Another good InvestingPro Tip points out that the company is trading at a low earnings ratio. This, coupled with the fact that Village Super Market has been profitable for the past twelve months, suggests that the stock may be undervalued relative to its financial performance.
The company’s revenue for the last twelve months from Q4 2024 was $2.24 billion, with an estimated growth of 3.23%. While this growth is not explosive, it shows stability in a competitive grocery market.
For investors looking for a comprehensive analysis, InvestingPro offers additional tips and metrics that can provide in-depth information about Village Super Market’s financial health and market conditions. The platform lists 7 more tips from Vlgea, which can be useful for those who want to make informed investment decisions in the grocery sector.
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