In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Village Super Market Inc (NASDAQ:VLGEA) reported that Kayne Anderson Rudnick Investment Management Llc has picked up 2,680 of common stock as of 2016-12-13.
The acquisition brings the aggregate amount owned by Kayne Anderson Rudnick Investment Management Llc to a total of 2,680 representing a 0.03% stake in the company.
For those not familiar with the company, Village Super Market, Inc. (Village) is engaged in retail sale of food and nonfood products. As of July 30, 2016, the Company operated a chain of 29 ShopRite supermarkets, 18 of which are located in northern New Jersey, eight in southern New Jersey, two in Maryland and one in northeastern Pennsylvania. The Company is a member of Wakefern Food Corporation (Wakefern), which is a retailer-owned food cooperative and owner of the ShopRite name.
A glance at Village Super Market Inc (NASDAQ:VLGEA)’s key stats reveals a current market capitalization of $311.119 million based on 9.85 million shares outstanding and a price at last close of $31.89 per share.
Looking at insider activity, there are a few transactions worth noting.
On the sell side, the most recent transaction saw Estate unload 4,100 shares at a sale price of $31.63. This brings their total holding to 289,047.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Village Super Market Inc (NASDAQ:VLGEA) as things move forward to see if its progress aligns with these transactions.
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