SG Americas Securities LLC Sells 9458 Shares of Ingles Markets, Incorporated.
January 31, 2023
Trending News ☀️
SG Americas Securities LLC has recently disposed of 9458 shares of Ingles Markets ($NASDAQ:IMKTA), Incorporated. Ingles Markets, Incorporated (NASDAQ: IMKTA) is an American publicly traded company that operates supermarkets in the southeastern United States. It is headquartered in Asheville, North Carolina. Ingles Markets sells a variety of items including groceries, frozen foods, dairy products, health and beauty products, and general merchandise. The company also operates gas stations at some of its stores.
Over the years, Ingles Markets has grown to become one of the largest regional food retailers in the United States. The company has a long history of providing quality products and great customer service to its customers and has been recognized for its commitment to sustainability. The stock of Ingles Markets has had a mixed performance over the past year. Despite the recent selloff by SG Americas Securities LLC, the stock remains a popular investment amongst investors due to its strong fundamentals and solid dividend yield.
Market Price
The sale comes after a period of mostly positive media exposure for the company. On Monday, Ingles Markets opened at $95.8 and closed at $97.0, up 1.5% from the closing price of $95.5 the day before. Although the sale of the shares by SG Americas Securities LLC appears to be a bearish sign, investors should not be too concerned. It is possible that the 9458 shares were sold simply in order to book profits, as the stock has risen steadily since mid-April.
The market sentiment towards Ingles Markets remains positive. The market sentiment is still positive and the company’s fundamentals remain strong. Therefore, investors should not be too worried about this recent sale and should instead focus on the company’s long-term prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ingles Markets. More…
| Total Revenues | Net Income | Net Margin |
| 5.68k | 272.76 | 4.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ingles Markets. More…
| Operations | Investing | Financing |
| 339.5 | -111.99 | -30.62 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ingles Markets. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.3k | 1.04k | 66.31 |
Key Ratios Snapshot
Some of the financial key ratios for Ingles Markets are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.6% | 36.4% | 6.7% |
| FCF Margin | ROE | ROA |
| 3.9% | 19.5% | 10.4% |
VI Analysis
When assessing a company’s long-term potential, its fundamentals are key. By using the VI app, analyzing the fundamentals of Ingles Markets is made easy. According to the VI Risk Rating, Ingles Markets is a low risk investment in terms of both financial and business aspects. However, the VI App has detected two risk warnings in the income sheet and balance sheet. These warnings should be considered when making an investment decision. The income statement shows a decrease in net income over the last few years, which could indicate a potential issue with the company’s operations or financial health. The balance sheet also shows a decrease in total assets, which could be due to a decrease in sales or a decrease in cash on hand. It is important to note that these risk warnings could be due to other factors such as changes in the industry or economic conditions. Therefore, investors should investigate further to determine what is causing these risk warnings before making a decision. Overall, Ingles Markets appears to be a low risk investment, but investors should take the time to further investigate any potential risks before making an investment decision. Registering on the VI App can provide more insight into the company’s financial and business fundamentals, helping investors make an informed decision. More…
VI Peers
The grocery store industry is highly competitive. Ingles Markets Inc competes against PesoRama Inc, Halows Co Ltd, and X5 Retail Group NV. All of these companies are striving to be the best in the industry and offer the best products and services to their customers.
– PesoRama Inc ($TSXV:PESO)
PesoRama Inc is a publicly traded company with a market cap of 10.57M as of 2022. The company has a Return on Equity of -102.32%. PesoRama Inc is a provider of financial services. The company offers a variety of services including peso-denominated accounts, money transfers, foreign exchange, and credit products.
– Halows Co Ltd ($TSE:2742)
As of 2022, Halows Co Ltd has a market cap of 62.57B and a Return on Equity of 11.12%. The company is engaged in the business of providing software and services to the financial industry. Halows Co Ltd has a strong presence in the US, UK, Canada, and Australia. The company has a diversified product portfolio and a strong customer base.
Summary
Ingles Markets, Incorporated (INGL) has recently been subject to an equity sale by SG Americas Securities LLC. 9458 shares were sold in the transaction. The company’s current media exposure has been mainly positive. For potential investors looking to invest in INGL, it is important to consider a variety of factors such as the company’s financials, market capitalization, and overall industry outlook.
In addition, investors should evaluate the potential risks associated with investing in INGL and understand the company’s competitive advantages. Finally, investors should research the company’s dividend policy and use technical analysis tools to gauge its stock performance over time.
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