SG Americas Securities LLC Sells 215 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

SG Americas Securities LLC reduced its stake in Ingles Markets, Incorporated (NASDAQ:IMKTAGet Rating) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,943 shares of the company’s stock after selling 215 shares during the period. SG Americas Securities LLC’s holdings in Ingles Markets were worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of IMKTA. AdvisorNet Financial Inc grew its position in Ingles Markets by 137.9% during the 1st quarter. AdvisorNet Financial Inc now owns 690 shares of the company’s stock worth $61,000 after acquiring an additional 400 shares during the last quarter. Advisor Group Holdings Inc. grew its position in Ingles Markets by 417.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,594 shares of the company’s stock worth $138,000 after acquiring an additional 1,286 shares during the last quarter. HighTower Advisors LLC bought a new stake in Ingles Markets during the 4th quarter worth approximately $205,000. Koss Olinger Consulting LLC bought a new stake in Ingles Markets during the 4th quarter worth approximately $234,000. Finally, Teacher Retirement System of Texas bought a new stake in Ingles Markets during the 4th quarter worth approximately $237,000. 65.29% of the stock is currently owned by institutional investors.

Ingles Markets Stock Up 0.7 %

NASDAQ:IMKTA opened at $98.38 on Friday. The stock’s fifty day moving average price is $89.85 and its two-hundred day moving average price is $88.87. Ingles Markets, Incorporated has a 52-week low of $59.87 and a 52-week high of $101.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 2.44. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 6.71 and a beta of 0.55.

Ingles Markets (NASDAQ:IMKTAGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $3.61 earnings per share (EPS) for the quarter. Ingles Markets had a return on equity of 27.49% and a net margin of 5.18%. The firm had revenue of $1.38 billion for the quarter.

Ingles Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Stockholders of record on Thursday, July 7th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Wednesday, July 6th. Ingles Markets’s dividend payout ratio (DPR) is currently 4.50%.

Insider Activity

In other news, Director Sharp Laura Ingle sold 500 shares of the stock in a transaction on Friday, June 24th. The stock was sold at an average price of $88.10, for a total value of $44,050.00. Following the transaction, the director now owns 5,500 shares of the company’s stock, valued at approximately $484,550. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 23.80% of the stock is currently owned by company insiders.

About Ingles Markets

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Ingles Markets, Incorporated 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.

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

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