Atria Investments Inc Reduces Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Atria Investments Inc lowered its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,332 shares of the company’s stock after selling 305 shares during the quarter. Atria Investments Inc’s holdings in Ingles Markets were worth $547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brandes Investment Partners LP increased its holdings in Ingles Markets by 111.0% in the 2nd quarter. Brandes Investment Partners LP now owns 196,753 shares of the company’s stock worth $13,480,000 after buying an additional 103,507 shares in the last quarter. Systematic Financial Management LP increased its holdings in Ingles Markets by 103.1% in the 2nd quarter. Systematic Financial Management LP now owns 181,564 shares of the company’s stock worth $12,457,000 after buying an additional 92,164 shares in the last quarter. River Road Asset Management LLC increased its holdings in Ingles Markets by 7.1% in the 3rd quarter. River Road Asset Management LLC now owns 971,026 shares of the company’s stock worth $72,439,000 after buying an additional 64,296 shares in the last quarter. American Century Companies Inc. increased its holdings in Ingles Markets by 9.5% in the 2nd quarter. American Century Companies Inc. now owns 369,184 shares of the company’s stock worth $25,330,000 after buying an additional 32,013 shares in the last quarter. Finally, Denali Advisors LLC increased its holdings in Ingles Markets by 40.6% in the 2nd quarter. Denali Advisors LLC now owns 92,102 shares of the company’s stock worth $6,319,000 after buying an additional 26,607 shares in the last quarter. 62.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Ingles Markets from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 21st.

Ingles Markets Trading Down 0.2 %

IMKTA stock opened at $69.68 on Wednesday. Ingles Markets, Incorporated has a 1-year low of $59.73 and a 1-year high of $89.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.99 and a quick ratio of 1.49. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 8.30 and a beta of 0.72. The business has a 50 day simple moving average of $67.73 and a two-hundred day simple moving average of $70.93.

Ingles Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 10th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. Ingles Markets’s dividend payout ratio is currently 7.86%.

Ingles Markets Company 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.