Ingles Markets, Incorporated (NASDAQ:IMKTA) Stock Position Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 41.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,375 shares of the company’s stock after selling 4,600 shares during the period. Nisa Investment Advisors LLC’s holdings in Ingles Markets were worth $371,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IMKTA. Commonwealth Equity Services LLC acquired a new position in Ingles Markets during the 1st quarter valued at about $222,000. Arizona State Retirement System acquired a new position in Ingles Markets during the 1st quarter valued at about $229,000. Captrust Financial Advisors boosted its stake in Ingles Markets by 20.3% during the 1st quarter. Captrust Financial Advisors now owns 3,909 shares of the company’s stock valued at $241,000 after purchasing an additional 659 shares during the period. SG Americas Securities LLC boosted its stake in Ingles Markets by 72.3% during the 1st quarter. SG Americas Securities LLC now owns 4,588 shares of the company’s stock valued at $283,000 after purchasing an additional 1,925 shares during the period. Finally, Rafferty Asset Management LLC acquired a new position in Ingles Markets during the 1st quarter valued at about $319,000. 67.98% of the stock is owned by institutional investors and hedge funds.

Ingles Markets stock opened at $64.90 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.37 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $63.38 and a two-hundred day moving average price of $62.24. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 5.46 and a beta of 0.56. Ingles Markets, Incorporated has a 52-week low of $34.92 and a 52-week high of $70.79.

Ingles Markets (NASDAQ:IMKTA) last posted its earnings results on Thursday, August 5th. The company reported $3.84 earnings per share (EPS) for the quarter. The firm had revenue of $1.28 billion during the quarter. Ingles Markets had a net margin of 4.86% and a return on equity of 27.43%.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 15th. Stockholders of record on Thursday, July 8th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, July 7th.

Ingles Markets Company Profile

Ingles Markets, Inc engages in the operation of a supermarket chain in Georgia, North Carolina, Tennessee, Virginia, and Alabama. It offers its products through the following categories: grocery, non-foods, perishables and other. The grocery products comprises of groceries, dairy, and frozen foods. The non-foods products include alcoholic beverages, tobacco, pharmacy, health, and video.

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Institutional Ownership by Quarter for Ingles Markets (NASDAQ:IMKTA)

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