Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,443 shares of the company’s stock after selling 655 shares during the period. Janney Montgomery Scott LLC owned approximately 0.09% of Ingles Markets worth $1,124,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Ingles Markets by 413.9% during the 3rd quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 327 shares in the last quarter. CWM LLC raised its position in Ingles Markets by 75.5% in the third quarter. CWM LLC now owns 760 shares of the company’s stock worth $57,000 after acquiring an additional 327 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Ingles Markets in the fourth quarter worth $96,000. Caprock Group LLC acquired a new stake in Ingles Markets in the third quarter valued at $203,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Ingles Markets during the 3rd quarter worth $206,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Ingles Markets from a “hold” rating to a “buy” rating in a report on Monday, December 30th.

Ingles Markets Stock Up 1.2 %

IMKTA opened at $66.91 on Wednesday. Ingles Markets, Incorporated has a 12 month low of $59.73 and a 12 month high of $82.77. The business has a 50-day moving average of $66.78 and a two-hundred day moving average of $69.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.89 and a quick ratio of 1.45. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 12.06 and a beta of 0.75.

Ingles Markets (NASDAQ:IMKTA) last announced its quarterly earnings data on Friday, December 27th. The company reported ($0.08) earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 1.87% and a return on equity of 6.90%.

Ingles Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets’s dividend payout ratio is presently 11.89%.

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.