SPRINGFIELD, N.J.—Kevin Begley, a director at Village Tremendous Market Inc. (NASDAQ:VLGEA), lately offered a good portion of his holdings within the firm. In keeping with a Kind 4 submitting with the Securities and Alternate Fee, Begley offered a complete of 9,300 shares of Class A Widespread Inventory over three consecutive days, from October 23 to October 25, 2024.
The transactions have been executed at costs starting from $29.886 to $30.00 per share, leading to a complete sale worth of $278,591. Following these transactions, Begley now holds 51,961 shares immediately.
These gross sales have been carried out in a number of transactions, with the costs reflecting weighted averages. The submitting notes that Begley is ready to offer detailed info on the person transactions upon request.
Village Tremendous Market, primarily based in Springfield, New Jersey, operates a series of grocery shops and is publicly traded on the NASDAQ trade below the ticker VLGEA.
InvestingPro Insights
Village Tremendous Market Inc. (NASDAQ:VLGEA) presents an intriguing funding profile that provides context to Director Kevin Begley’s latest inventory sale. In keeping with InvestingPro information, the corporate’s market capitalization stands at $441.56 million, with a price-to-earnings (P/E) ratio of 8.81, indicating a comparatively low earnings a number of in comparison with many within the retail sector.
An InvestingPro Tip highlights that Village Tremendous Market has maintained dividend funds for 22 consecutive years, showcasing a dedication to shareholder returns that aligns with its present dividend yield of three.36%. This constant dividend historical past could present some reassurance to buyers in gentle of the insider sale.
One other related InvestingPro Tip factors out that the corporate is buying and selling at a low income valuation a number of. This, coupled with the truth that Village Tremendous Market has been worthwhile over the past twelve months, means that the inventory may be undervalued relative to its monetary efficiency.
The corporate’s income for the final twelve months as of This autumn 2024 was $2.24 billion, with a modest development of three.23%. Whereas this development is just not explosive, it demonstrates stability in a aggressive grocery market.
For buyers in search of a extra complete evaluation, InvestingPro provides further ideas and metrics that would present deeper insights into Village Tremendous Market’s monetary well being and market place. The platform lists 7 extra ideas for VLGEA, which could possibly be helpful for these trying to make knowledgeable funding selections within the grocery retail sector.
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