Los Angeles Capital Management LLC trimmed its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA – Get Rating) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,335 shares of the company’s stock after selling 521 shares during the period. Los Angeles Capital Management LLC owned approximately 0.06% of Ingles Markets worth $1,190,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of IMKTA. Godsey & Gibb Inc. bought a new position in Ingles Markets in the 4th quarter valued at $29,000. Ensign Peak Advisors Inc bought a new position in Ingles Markets in the 3rd quarter valued at $35,000. National Bank of Canada FI boosted its holdings in Ingles Markets by 136.4% in the 4th quarter. National Bank of Canada FI now owns 487 shares of the company’s stock valued at $47,000 after purchasing an additional 281 shares during the period. Ellevest Inc. boosted its holdings in Ingles Markets by 4,536.4% in the 3rd quarter. Ellevest Inc. now owns 510 shares of the company’s stock valued at $40,000 after purchasing an additional 499 shares during the period. Finally, Penserra Capital Management LLC bought a new position in Ingles Markets in the 1st quarter valued at $45,000. 62.82% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Ingles Markets in a report on Thursday, March 16th. They set a “strong-buy” rating for the company.
Insider Buying and Selling
Ingles Markets Stock Performance
NASDAQ IMKTA opened at $92.54 on Wednesday. Ingles Markets, Incorporated has a 52-week low of $78.32 and a 52-week high of $102.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.22 and a current ratio of 2.67. The company has a market capitalization of $1.76 billion, a P/E ratio of 6.37 and a beta of 0.65. The company has a fifty day moving average of $90.91 and a 200-day moving average of $93.82.
Ingles Markets (NASDAQ:IMKTA – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $3.65 earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 4.77% and a return on equity of 22.55%. The company had revenue of $1.49 billion during the quarter.
Ingles Markets Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 13th. Investors of record on Thursday, April 6th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Wednesday, April 5th. Ingles Markets’s payout ratio is presently 4.55%.
Ingles Markets Company Profile
Ingles Markets, Inc engages in the operation of a supermarket chain in Georgia, North Carolina, Tennessee, Virginia, and Alabama. It offers its products through the following categories: grocery, non-foods, perishables and other. The grocery products consist of groceries, dairy, and frozen foods. The non-foods products include alcoholic beverages, tobacco, pharmacy, health, beauty, and cosmetic products.
Featured Stories
- Get a free copy of the StockNews.com research report on Ingles Markets (IMKTA)
- Do Bank Stocks Go Up When Interest Rates Rise?
- How to Invest in Vertical Farming Stocks
- Can-Fite BioPharma Spikes on Pancreatic Cancer Inhibition Finding
- Ecolab: Slow And Steady Wins The Race
- MGM’s Hot Hand Is All In For A Rally, After This Small Break
Want to see what other hedge funds are holding IMKTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingles Markets, Incorporated (NASDAQ:IMKTA – Get Rating).
Receive News & Ratings for Ingles Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingles Markets and related companies with MarketBeat.com's FREE daily email newsletter.
