Centiva Capital LP Reduces Stock Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Centiva Capital LP trimmed its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,420 shares of the company’s stock after selling 158 shares during the period. Centiva Capital LP’s holdings in Ingles Markets were worth $255,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Brandes Investment Partners LP raised its position in shares of Ingles Markets by 111.0% in the second quarter. Brandes Investment Partners LP now owns 196,753 shares of the company’s stock valued at $13,480,000 after buying an additional 103,507 shares during the last quarter. Systematic Financial Management LP grew its stake 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 acquiring an additional 92,164 shares during the period. River Road Asset Management LLC raised 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 valued at $72,439,000 after acquiring an additional 64,296 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Ingles Markets by 9.5% during the 2nd quarter. American Century Companies Inc. now owns 369,184 shares of the company’s stock worth $25,330,000 after purchasing an additional 32,013 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Ingles Markets by 8.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 405,558 shares of the company’s stock worth $30,255,000 after purchasing an additional 31,027 shares during the last quarter. 62.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Ingles Markets Price Performance

IMKTA opened at $71.06 on Thursday. 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 quick ratio of 1.49 and a current ratio of 2.99. The company’s 50 day simple moving average is $67.53 and its 200 day simple moving average is $70.74. The stock has a market capitalization of $1.35 billion, a PE ratio of 8.46 and a beta of 0.74.

Ingles Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 10th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Thursday, October 10th. Ingles Markets’s dividend payout ratio (DPR) is presently 7.86%.

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.