Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sells $337,753.62 in Stock

Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sharp Laura Ingle sold 4,799 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $70.38, for a total transaction of $337,753.62. Following the completion of the transaction, the director now directly owns 5,901 shares in the company, valued at approximately $415,312.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sharp Laura Ingle also recently made the following trade(s):

• On Monday, June 10th, Sharp Laura Ingle sold 6,000 shares of Ingles Markets stock. The stock was sold at an average price of $70.25, for a total transaction of $421,500.00.
• On Thursday, March 28th, Sharp Laura Ingle sold 4,000 shares of Ingles Markets stock. The shares were sold at an average price of $76.25, for a total transaction of $305,000.00.

Ingles Markets Price Performance

Shares of Ingles Markets stock opened at $69.52 on Wednesday. The stock’s fifty day moving average is $72.09 and its 200 day moving average is $77.32. Ingles Markets, Incorporated has a one year low of $67.10 and a one year high of $89.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 3.20. The stock has a market cap of $1.32 billion, a P/E ratio of 7.50 and a beta of 0.67.

Ingles Markets (NASDAQ:IMKTA) last posted its quarterly earnings data on Thursday, May 9th. The company reported $1.68 EPS for the quarter. Ingles Markets had a return on equity of 11.97% and a net margin of 3.00%. The firm had revenue of $1.37 billion for the quarter.

Ingles Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 11th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, April 10th. Ingles Markets’s dividend payout ratio is currently 7.12%.

Hedge Funds Weigh In On Ingles Markets

A number of hedge funds have recently modified their holdings of IMKTA. Charles Schwab Investment Management Inc. grew its position in shares of Ingles Markets by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 311,124 shares of the company’s stock worth $26,872,000 after purchasing an additional 23,854 shares in the last quarter. American Century Companies Inc. grew its holdings in Ingles Markets by 9.5% during the 3rd quarter. American Century Companies Inc. now owns 257,857 shares of the company’s stock valued at $19,424,000 after buying an additional 22,400 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Ingles Markets during the third quarter valued at approximately $1,382,000. Quadrature Capital Ltd purchased a new position in Ingles Markets during the fourth quarter valued at $1,574,000. Finally, Trexquant Investment LP purchased a new position in shares of Ingles Markets during the third quarter valued at about $1,357,000. 62.54% of the stock is currently owned by institutional investors.

Ingles Markets Company 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.