Ingles Markets, Incorporated (IMKTA) Stake Boosted by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 274.5% in the 2nd quarter, Holdings Channel reports. The firm owned 69,489 shares of the company’s stock after buying an additional 50,935 shares during the quarter. GSA Capital Partners LLP’s holdings in Ingles Markets were worth $2,210,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Citigroup Inc. increased its holdings in Ingles Markets by 73.4% in the 1st quarter. Citigroup Inc. now owns 4,758 shares of the company’s stock worth $161,000 after buying an additional 2,014 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in Ingles Markets in the 4th quarter worth about $214,000. Raymond James & Associates bought a new stake in Ingles Markets in the 4th quarter worth about $251,000. ClariVest Asset Management LLC increased its holdings in Ingles Markets by 318.2% in the 1st quarter. ClariVest Asset Management LLC now owns 7,666 shares of the company’s stock worth $259,000 after buying an additional 5,833 shares in the last quarter. Finally, Bailard Inc. bought a new stake in Ingles Markets in the 1st quarter worth about $315,000. 63.86% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on IMKTA. Zacks Investment Research downgraded Ingles Markets from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. BidaskClub upgraded Ingles Markets from a “hold” rating to a “buy” rating in a report on Friday. Finally, TheStreet downgraded Ingles Markets from a “b-” rating to a “c+” rating in a report on Friday, May 11th.

In other Ingles Markets news, Director Sharp Laura Ingle sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $36.00, for a total transaction of $90,000.00. Following the completion of the sale, the director now directly owns 30,000 shares in the company, valued at approximately $1,080,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 29.50% of the stock is currently owned by company insiders.

NASDAQ IMKTA opened at $36.35 on Monday. Ingles Markets, Incorporated has a one year low of $20.75 and a one year high of $37.35. The stock has a market capitalization of $736.41 million, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 1.34 and a beta of 0.46. The company has a quick ratio of 0.50, a current ratio of 1.96 and a debt-to-equity ratio of 1.51.

Ingles Markets Profile

Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. Its supermarkets offer various food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, such as fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.

Further Reading: What does RSI mean?

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

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