Atria Investments Inc Trims Stake in Ingles Markets, Incorporated $IMKTA

Atria Investments Inc lessened its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 16.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,019 shares of the company’s stock after selling 1,757 shares during the quarter. Atria Investments Inc’s holdings in Ingles Markets were worth $572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in shares of Ingles Markets by 82.5% during the 2nd quarter. Signaturefd LLC now owns 522 shares of the company’s stock valued at $33,000 after buying an additional 236 shares in the last quarter. Summer Road LLC grew its position in shares of Ingles Markets by 125.0% in the first quarter. Summer Road LLC now owns 1,800 shares of the company’s stock valued at $115,000 after purchasing an additional 1,000 shares during the period. Anchor Investment Management LLC increased its stake in shares of Ingles Markets by 85.0% during the first quarter. Anchor Investment Management LLC now owns 1,850 shares of the company’s stock worth $120,000 after purchasing an additional 850 shares in the last quarter. Ethic Inc. acquired a new position in shares of Ingles Markets during the 2nd quarter worth about $210,000. Finally, Cetera Investment Advisers acquired a new position in shares of Ingles Markets during the 1st quarter worth about $242,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Ingles Markets Price Performance

IMKTA stock opened at $74.03 on Monday. The business’s 50-day moving average is $70.81 and its two-hundred day moving average is $66.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.14 and a quick ratio of 1.53. The firm has a market capitalization of $1.41 billion, a P/E ratio of 24.93 and a beta of 0.74. Ingles Markets, Incorporated has a 1 year low of $58.92 and a 1 year high of $75.63.

Ingles Markets (NASDAQ:IMKTA) last issued its earnings results on Thursday, August 7th. The company reported $1.38 EPS for the quarter. Ingles Markets had a net margin of 1.05% and a return on equity of 3.60%.

Ingles Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Thursday, October 9th were given a dividend of $0.165 per share. The ex-dividend date was Thursday, October 9th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. Ingles Markets’s payout ratio is 22.22%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Ingles Markets in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Ingles Markets presently has an average rating of “Hold”.

Ingles Markets Profile

Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the southeast United States. It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.