Sharp Laura Ingle Sells 5,901 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) Stock

Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sharp Laura Ingle sold 5,901 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $68.02, for a total value of $401,386.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sharp Laura Ingle also recently made the following trade(s):

• On Monday, June 24th, Sharp Laura Ingle sold 4,799 shares of Ingles Markets stock. The stock was sold at an average price of $70.38, for a total value of $337,753.62.
• On Monday, June 10th, Sharp Laura Ingle sold 6,000 shares of Ingles Markets stock. The stock was sold at an average price of $70.25, for a total value of $421,500.00.

Ingles Markets Stock Up 0.3 %

IMKTA opened at $68.61 on Friday. The business’s 50-day simple moving average is $71.76 and its 200-day simple moving average is $77.03. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 3.20. Ingles Markets, Incorporated has a one year low of $67.10 and a one year high of $89.59. The stock has a market capitalization of $1.30 billion, a P/E ratio of 7.40 and a beta of 0.67.

Ingles Markets (NASDAQ:IMKTA) last posted its earnings results on Thursday, May 9th. The company reported $1.68 EPS for the quarter. Ingles Markets had a return on equity of 11.97% and a net margin of 3.00%. The business had revenue of $1.37 billion for the quarter.

Ingles Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 11th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Wednesday, April 10th. Ingles Markets’s dividend payout ratio (DPR) is currently 7.12%.

Hedge Funds Weigh In On Ingles Markets

A number of hedge funds and other institutional investors have recently made changes to their positions in IMKTA. Charles Schwab Investment Management Inc. grew its holdings in shares of Ingles Markets by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 311,124 shares of the company’s stock worth $26,872,000 after buying an additional 23,854 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Ingles Markets by 9.5% during the third quarter. American Century Companies Inc. now owns 257,857 shares of the company’s stock worth $19,424,000 after buying an additional 22,400 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Ingles Markets during the third quarter worth about $1,382,000. Quadrature Capital Ltd purchased a new position in shares of Ingles Markets during the fourth quarter worth about $1,574,000. Finally, Trexquant Investment LP purchased a new position in shares of Ingles Markets during the third quarter worth about $1,357,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

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.