Jane Street Group LLC Increases Stake in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Jane Street Group LLC boosted its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 29.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,041 shares of the company’s stock after purchasing an additional 4,101 shares during the period. Jane Street Group LLC owned approximately 0.09% of Ingles Markets worth $1,346,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of IMKTA. GAMMA Investing LLC increased 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 purchasing an additional 327 shares during the period. CWM LLC boosted its position in Ingles Markets by 75.5% in the third quarter. CWM LLC now owns 760 shares of the company’s stock valued at $57,000 after buying an additional 327 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Ingles Markets in the second quarter valued at approximately $69,000. Signaturefd LLC increased its holdings in Ingles Markets by 101.0% in the 2nd quarter. Signaturefd LLC now owns 1,003 shares of the company’s stock worth $69,000 after buying an additional 504 shares during the period. Finally, nVerses Capital LLC purchased a new position in Ingles Markets during the 2nd quarter worth approximately $75,000. Institutional investors and hedge funds own 62.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Ingles Markets from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

Ingles Markets Stock Down 1.4 %

IMKTA stock opened at $65.32 on Friday. Ingles Markets, Incorporated has a 52 week low of $59.73 and a 52 week high of $89.59. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34. The firm has a 50-day simple moving average of $68.65 and a 200-day simple moving average of $70.37. The stock has a market capitalization of $1.24 billion, a P/E ratio of 7.78 and a beta of 0.73.

Ingles Markets (NASDAQ:IMKTA) last issued its quarterly earnings results on Friday, December 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. Ingles Markets had a return on equity of 10.58% and a net margin of 2.74%.

Ingles Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 10th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Thursday, October 10th. Ingles Markets’s dividend payout ratio (DPR) is 7.86%.

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.