Janney Montgomery Scott LLC Raises Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Janney Montgomery Scott LLC boosted its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,098 shares of the company’s stock after acquiring an additional 542 shares during the quarter. Janney Montgomery Scott LLC owned 0.10% of Ingles Markets worth $1,350,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IMKTA. Brandes Investment Partners LP increased its stake in shares of Ingles Markets by 111.0% in the 2nd quarter. Brandes Investment Partners LP now owns 196,753 shares of the company’s stock valued at $13,480,000 after purchasing an additional 103,507 shares in the last quarter. Systematic Financial Management LP increased its position in shares of Ingles Markets by 103.1% in the second quarter. Systematic Financial Management LP now owns 181,564 shares of the company’s stock valued at $12,457,000 after buying an additional 92,164 shares in the last quarter. American Century Companies Inc. increased its position in shares of Ingles Markets by 9.5% in the second quarter. American Century Companies Inc. now owns 369,184 shares of the company’s stock valued at $25,330,000 after buying an additional 32,013 shares in the last quarter. Denali Advisors LLC raised its stake in shares of Ingles Markets by 40.6% during the 2nd quarter. Denali Advisors LLC now owns 92,102 shares of the company’s stock worth $6,319,000 after buying an additional 26,607 shares during the period. Finally, Boston Partners purchased a new position in shares of Ingles Markets during the 1st quarter valued at approximately $871,000. 62.54% of the stock is owned by institutional investors and hedge funds.

Ingles Markets Trading Up 0.3 %

IMKTA stock opened at $72.65 on Friday. Ingles Markets, Incorporated has a 12-month low of $59.73 and a 12-month high of $89.59. The business’s 50-day moving average is $67.81 and its 200 day moving average is $70.97. The company has a current ratio of 2.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 8.65 and a beta of 0.72.

Ingles Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 10th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Thursday, October 10th. Ingles Markets’s payout ratio is 7.86%.

Analyst Ratings Changes

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

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.