3,570 Shares in Ingles Markets, Incorporated (NASDAQ:IMKTA) Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,570 shares of the company’s stock, valued at approximately $266,000.

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

Ingles Markets Stock Down 1.5 %

Shares of NASDAQ IMKTA opened at $70.99 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.99 and a quick ratio of 1.49. The firm’s 50-day moving average is $67.59 and its two-hundred day moving average is $70.85. Ingles Markets, Incorporated has a 12-month low of $59.73 and a 12-month high of $89.59. The company has a market capitalization of $1.35 billion, a PE ratio of 8.45 and a beta of 0.74.

Ingles Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.165 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.66 annualized dividend and a dividend yield of 0.93%. Ingles Markets’s dividend payout ratio is currently 7.86%.

Analyst Upgrades and Downgrades

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

Ingles Markets 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.