GSA Capital Partners LLP cut its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,905 shares of the company’s stock after selling 7,584 shares during the period. GSA Capital Partners LLP owned 0.31% of Ingles Markets worth $2,120,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Ingles Markets by 41.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,125 shares of the company’s stock valued at $1,922,000 after buying an additional 16,450 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Ingles Markets in the 3rd quarter valued at approximately $235,000. BlackRock Inc. raised its stake in shares of Ingles Markets by 0.9% in the 3rd quarter. BlackRock Inc. now owns 1,057,416 shares of the company’s stock valued at $36,217,000 after acquiring an additional 9,212 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Ingles Markets by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 161,681 shares of the company’s stock valued at $5,537,000 after acquiring an additional 4,807 shares in the last quarter. Finally, Commonwealth Bank of Australia bought a new position in shares of Ingles Markets in the 3rd quarter valued at approximately $164,000. 63.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of IMKTA stock opened at $29.09 on Friday. The company has a current ratio of 1.96, a quick ratio of 0.50 and a debt-to-equity ratio of 1.51. Ingles Markets, Incorporated has a twelve month low of $26.80 and a twelve month high of $37.65. The company has a market capitalization of $589.33 million, a P/E ratio of 6.38, a P/E/G ratio of 0.95 and a beta of 0.50.
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About Ingles Markets
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.
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