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.
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.
Featured Story: What is the operating income formula?
Want to see what other hedge funds are holding IMKTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingles Markets, Incorporated (NASDAQ:IMKTA).
Receive News & Ratings for Ingles Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingles Markets and related companies with MarketBeat.com's FREE daily email newsletter.