GSA Capital Partners LLP Has $1.61 Million Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

GSA Capital Partners LLP lessened its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 0.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,952 shares of the company’s stock after selling 177 shares during the period. GSA Capital Partners LLP owned approximately 0.11% of Ingles Markets worth $1,607,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in Ingles Markets by 30.1% in the fourth quarter. Quadrant Capital Group LLC now owns 735 shares of the company’s stock worth $63,000 after purchasing an additional 170 shares in the last quarter. Quest Partners LLC acquired a new position in Ingles Markets in the fourth quarter worth about $78,000. Beacon Pointe Advisors LLC acquired a new position in Ingles Markets in the fourth quarter worth about $207,000. Leuthold Group LLC acquired a new position in Ingles Markets in the fourth quarter worth about $210,000. Finally, Sapient Capital LLC acquired a new position in Ingles Markets in the fourth quarter worth about $216,000. Institutional investors and hedge funds own 62.54% of the company’s stock.

Insiders Place Their Bets

In other Ingles Markets news, Director Sharp Laura Ingle sold 4,799 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $70.38, for a total transaction of $337,753.62. Following the sale, the director now directly owns 5,901 shares of the company’s stock, valued at $415,312.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 16,700 shares of company stock valued at $1,160,640. 23.10% of the stock is currently owned by insiders.

Ingles Markets Price Performance

Ingles Markets stock traded up $0.48 during trading hours on Wednesday, hitting $69.50. 12,117 shares of the stock were exchanged, compared to its average volume of 84,382. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 3.20. The stock has a market capitalization of $1.32 billion, a P/E ratio of 7.45 and a beta of 0.66. Ingles Markets, Incorporated has a 12 month low of $67.10 and a 12 month high of $89.59. The business’s 50-day moving average is $71.11 and its two-hundred day moving average is $76.16.

Ingles Markets (NASDAQ:IMKTA) last issued its quarterly earnings data on Thursday, May 9th. The company reported $1.68 earnings per share for the quarter. The firm had revenue of $1.37 billion for the quarter. Ingles Markets had a net margin of 3.00% and a return on equity of 11.97%.

Ingles Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.66 annualized dividend and a yield of 0.95%. Ingles Markets’s dividend payout ratio is 7.12%.

About Ingles Markets

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.