Bridgeway Capital Management LLC Sells 38,590 Shares of Ingles Markets, Incorporated $IMKTA

Key Points

• Bridgeway Capital Management LLC has reduced its stake in Ingles Markets by 20.2%, selling 38,590 shares, leaving it with 152,441 shares valued at approximately $9.93 million as of the latest SEC filing.
• Multiple hedge funds increased their positions in Ingles Markets, with Vanguard Group raising its stake by 1.9%, bringing its total to over 1.25 million shares valued at $81.91 million.
• Ingles Markets recently declared a quarterly dividend of $0.165 per share, which provides an annualized yield of 0.9% and a payout ratio of 22.22%.

Bridgeway Capital Management LLC decreased its position in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 20.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,441 shares of the company's stock after selling 38,590 shares during the period. Bridgeway Capital Management LLC owned about 0.80% of Ingles Markets worth $9,928,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IMKTA. Tower Research Capital LLC TRC raised its holdings in Ingles Markets by 296.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,252 shares of the company's stock valued at $81,000 after acquiring an additional 936 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Ingles Markets by 10.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,611 shares of the company's stock valued at $620,000 after purchasing an additional 936 shares during the period. Northern Trust Corp grew its stake in shares of Ingles Markets by 4.2% in the 4th quarter. Northern Trust Corp now owns 187,100 shares of the company's stock valued at $12,057,000 after purchasing an additional 7,520 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Ingles Markets by 3.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,577 shares of the company's stock valued at $424,000 after purchasing an additional 249 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Ingles Markets by 124.4% in the 4th quarter. BNP Paribas Financial Markets now owns 62,775 shares of the company's stock valued at $4,045,000 after purchasing an additional 34,798 shares during the period. Institutional investors and hedge funds own 62.54% of the company's stock.

Ingles Markets Price Performance

Shares of IMKTA stock traded up $0.09 during trading hours on Friday, hitting $70.59. The company had a trading volume of 100,999 shares, compared to its average volume of 107,871. Ingles Markets, Incorporated has a 12 month low of $58.92 and a 12 month high of $75.63. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 23.77 and a beta of 0.77. The firm's fifty day moving average is $65.75 and its 200 day moving average is $63.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 3.14.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.38 earnings per share for the quarter. Ingles Markets had a return on equity of 3.60% and a net margin of 1.05%.

Ingles Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 10th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, July 10th. Ingles Markets's dividend payout ratio is currently 22.22%.

Ingles Markets Company 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.