Teacher Retirement System of Texas Purchases 46,025 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Teacher Retirement System of Texas grew its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 62.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 119,748 shares of the company’s stock after acquiring an additional 46,025 shares during the quarter. Teacher Retirement System of Texas owned about 0.63% of Ingles Markets worth $7,717,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in Ingles Markets in the fourth quarter worth $96,000. Caprock Group LLC bought a new stake in Ingles Markets in the third quarter worth $203,000. Captrust Financial Advisors bought a new stake in Ingles Markets in the third quarter worth $206,000. Intech Investment Management LLC bought a new stake in Ingles Markets in the third quarter worth $266,000. Finally, Virtu Financial LLC bought a new stake in Ingles Markets in the third quarter worth $318,000. 62.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Ingles Markets Stock Down 2.2 %

NASDAQ:IMKTA opened at $61.60 on Friday. Ingles Markets, Incorporated has a twelve month low of $58.92 and a twelve month high of $82.01. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 14.88 and a beta of 0.71. The stock has a fifty day simple moving average of $63.95 and a 200-day simple moving average of $66.70. 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 released its earnings results on Thursday, February 6th. The company reported $0.87 earnings per share for the quarter. Ingles Markets had a return on equity of 5.09% and a net margin of 1.45%.

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 given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.66 annualized dividend and a dividend yield of 1.07%. Ingles Markets’s dividend payout ratio (DPR) is 15.94%.

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.