KLP Kapitalforvaltning AS Purchases New Stake in Ingles Markets, Incorporated (NASDAQ:IMKTA)

KLP Kapitalforvaltning AS purchased a new position in Ingles Markets, Incorporated (NASDAQ:IMKTA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,500 shares of the company’s stock, valued at approximately $612,000. KLP Kapitalforvaltning AS owned about 0.05% of Ingles Markets as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IMKTA. American Century Companies Inc. grew its position in shares of Ingles Markets by 11.2% in the 4th quarter. American Century Companies Inc. now owns 475,894 shares of the company’s stock worth $30,667,000 after buying an additional 47,859 shares during the last quarter. Summit Global Investments purchased a new stake in Ingles Markets in the fourth quarter worth $385,000. Semanteon Capital Management LP purchased a new stake in Ingles Markets in the fourth quarter worth $904,000. Teacher Retirement System of Texas boosted its holdings in Ingles Markets by 62.4% in the fourth quarter. Teacher Retirement System of Texas now owns 119,748 shares of the company’s stock valued at $7,717,000 after acquiring an additional 46,025 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in Ingles Markets by 84.4% during the 4th quarter. Intech Investment Management LLC now owns 6,584 shares of the company’s stock valued at $424,000 after purchasing an additional 3,014 shares during the period. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Ingles Markets Trading Up 0.8 %

Ingles Markets stock opened at $65.64 on Thursday. Ingles Markets, Incorporated has a 12 month low of $58.92 and a 12 month high of $82.01. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 15.86 and a beta of 0.71. The business’s fifty day simple moving average is $63.96 and its two-hundred day simple moving average is $66.21. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33.

Ingles Markets (NASDAQ:IMKTA) last issued its earnings results on Thursday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Ingles Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Thursday, April 10th. Ingles Markets’s dividend payout ratio (DPR) is 15.94%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Ingles Markets from a “buy” rating to a “hold” rating in a research report on Monday, February 10th.

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.