Atria Investments Inc Sells 305 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Atria Investments Inc decreased its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 4.0% during the third quarter, Holdings Channel.com reports. The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Baker Ellis Asset Management LLC boosted its position in Ingles Markets by 0.3% during the second quarter. Baker Ellis Asset Management LLC now owns 55,641 shares of the company’s stock valued at $3,818,000 after purchasing an additional 181 shares in the last quarter. CWM LLC boosted its position in Ingles Markets by 240.9% during the second quarter. CWM LLC now owns 433 shares of the company’s stock valued at $30,000 after purchasing an additional 306 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Ingles Markets by 413.9% in the third quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock worth $30,000 after acquiring an additional 327 shares in the last quarter. Sei Investments Co. boosted its holdings in Ingles Markets by 12.1% in the second quarter. Sei Investments Co. now owns 3,844 shares of the company’s stock worth $264,000 after acquiring an additional 416 shares in the last quarter. Finally, Inspire Investing LLC boosted its holdings in Ingles Markets by 9.5% in the second quarter. Inspire Investing LLC now owns 5,170 shares of the company’s stock worth $355,000 after acquiring an additional 447 shares in the last quarter. Institutional investors own 62.54% of the company’s stock.

Ingles Markets Trading Down 0.2 %

Shares of NASDAQ:IMKTA opened at $69.68 on Wednesday. Ingles Markets, Incorporated has a 52-week low of $59.73 and a 52-week high of $89.59. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 8.30 and a beta of 0.72. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $67.73 and a 200-day moving average price of $70.93.

Ingles Markets Announces Dividend

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

Analysts Set New Price Targets

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

Ingles Markets 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.