nVerses Capital LLC Decreases Stake in Ingles Markets, Incorporated (NASDAQ:IMKTA)

nVerses Capital LLC lowered its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 36.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 700 shares of the company’s stock after selling 400 shares during the quarter. nVerses Capital LLC’s holdings in Ingles Markets were worth $52,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. CWM LLC boosted its position in Ingles Markets by 240.9% during the 2nd quarter. CWM LLC now owns 433 shares of the company’s stock valued at $30,000 after buying an additional 306 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Ingles Markets by 413.9% during the third quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock worth $30,000 after purchasing an additional 327 shares during the period. Signaturefd LLC grew its stake in shares of Ingles Markets by 101.0% in the second quarter. Signaturefd LLC now owns 1,003 shares of the company’s stock worth $69,000 after purchasing an additional 504 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Ingles Markets during the 2nd quarter valued at about $69,000. Finally, Innealta Capital LLC bought a new position in Ingles Markets during the 2nd quarter valued at approximately $74,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Ingles Markets from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 21st.

Ingles Markets Stock Down 0.1 %

Shares of NASDAQ IMKTA opened at $63.68 on Tuesday. The firm has a fifty day simple moving average of $69.88 and a two-hundred day simple moving average of $71.81. The firm has a market capitalization of $1.21 billion, a PE ratio of 6.87 and a beta of 0.70. The company has a current ratio of 2.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. Ingles Markets, Incorporated has a 12 month low of $59.73 and a 12 month high of $89.59.

Ingles Markets (NASDAQ:IMKTA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.67 EPS for the quarter. Ingles Markets had a net margin of 2.74% and a return on equity of 10.58%. The business had revenue of $1.39 billion during the quarter.

Ingles Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 10th were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.66 annualized dividend and a yield of 1.04%. Ingles Markets’s payout ratio is 7.12%.

About Ingles Markets

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.