Investors tracking insider transactions at Village Super Market Inc (NASDAQ:VLGEA) may be interested to learn that the company's CFO and Treasurer, John L. Van Orden, has recently sold shares in the business. According to the latest SEC filing, Van Orden disposed of 2,000 shares of Village Super Market's Class A Common Stock at a price of $30.52 per share, totaling $61,040.
The transaction took place on July 26, 2024, and following the sale, Van Orden's holdings in the company decreased to 39,978 shares of Class A Common Stock. Such insider sales can often be of interest to the investment community as they may provide insights into an executive's perspective on the company's current valuation or future prospects.
Village Super Market, which operates a chain of supermarkets under the ShopRite and Fairway Market banners, has its corporate headquarters in Springfield, New Jersey. The company is well-known in the retail grocery sector and has been serving customers in various locations.
For those monitoring the market movements of Village Super Market Inc, the recent insider transaction by a key executive might be a point of consideration. However, it is important to note that insider selling can occur for a variety of reasons and does not necessarily indicate a negative outlook for the company by the executive.
Investors often keep an eye on such insider transactions as part of their due diligence and overall investment strategy. The sale reported in the SEC filing was promptly disclosed, in line with regulatory requirements, providing transparency into the actions of Village Super Market's insiders.
InvestingPro Insights
Village Super Market Inc (NASDAQ:VLGEA) has demonstrated financial metrics that may capture the attention of savvy investors. With a robust market capitalization of $450.17 million and a P/E ratio standing at 8.98, the company presents a potentially attractive valuation. The adjusted P/E ratio for the last twelve months as of Q3 2024 slightly increased to 9.47, reflecting a nuanced perspective on the company's earnings capacity.
One of the key InvestingPro Tips for Village Super Market highlights the company's high shareholder yield, which is a positive signal for investors seeking returns through both dividends and share repurchases. Additionally, the company has been trading at a low earnings multiple, which could suggest that its stock is undervalued compared to its earnings potential. Investors may find these aspects compelling when considering Village Super Market's financial health and investment potential.
It's also notable that Village Super Market has maintained dividend payments for 22 consecutive years, with a dividend yield of 3.28% as of the latest data. This consistency in rewarding shareholders may be a testament to the company's stability and commitment to returning value to its investors. Moreover, the company's share price has been performing strongly, trading near its 52-week high and showing a robust return over the last month with a 1-month price total return of 16.56%.
For those interested in gaining deeper insights and additional InvestingPro Tips, Village Super Market Inc has more to offer. By visiting https://www.investing.com/pro/VLGEA, investors can access a total of 9 InvestingPro Tips, which may further inform their investment decisions. To enhance the value of these insights, use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
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