Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 13.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,366 shares of the company’s stock after acquiring an additional 12,084 shares during the period. Empowered Funds LLC owned 0.55% of Ingles Markets worth $6,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IMKTA. Creative Planning boosted its holdings in shares of Ingles Markets by 36.3% in the 2nd quarter. Creative Planning now owns 4,884 shares of the company’s stock valued at $335,000 after acquiring an additional 1,301 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Ingles Markets during the second quarter valued at $641,000. GAMMA Investing LLC boosted its holdings in 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 last quarter. CWM LLC grew its position in Ingles Markets by 75.5% during the 3rd quarter. CWM LLC now owns 760 shares of the company’s stock worth $57,000 after purchasing an additional 327 shares during the period. Finally, Private Advisor Group LLC purchased a new position in shares of Ingles Markets during the 3rd quarter valued at about $603,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Ingles Markets Stock Performance

IMKTA opened at $64.48 on Tuesday. The stock has a market cap of $1.22 billion, a P/E ratio of 15.57 and a beta of 0.75. 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 firm has a fifty day moving average price of $66.33 and a 200 day moving average price of $69.06. Ingles Markets, Incorporated has a 1 year low of $59.73 and a 1 year high of $82.01.

Ingles Markets (NASDAQ:IMKTA) last posted 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 5.11%.

Ingles Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, January 10th. Ingles Markets’s dividend payout ratio is presently 15.94%.

Analyst Ratings Changes

Separately, StockNews.com lowered Ingles Markets from a “buy” rating to a “hold” rating in a report on Monday.

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.