Signaturefd LLC Raises Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Signaturefd LLC raised its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 101.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,003 shares of the company’s stock after purchasing an additional 504 shares during the period. Signaturefd LLC’s holdings in Ingles Markets were worth $69,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of Ingles Markets by 240.9% in the second quarter. CWM LLC now owns 433 shares of the company’s stock valued at $30,000 after purchasing an additional 306 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Ingles Markets by 30.1% in the 4th quarter. Quadrant Capital Group LLC now owns 735 shares of the company’s stock valued at $63,000 after buying an additional 170 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Ingles Markets in the 2nd quarter worth $74,000. Quest Partners LLC purchased a new position in shares of Ingles Markets during the 4th quarter worth $78,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Ingles Markets by 3,487.5% during the 1st quarter. Russell Investments Group Ltd. now owns 2,583 shares of the company’s stock valued at $198,000 after acquiring an additional 2,511 shares during the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Ingles Markets from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

Insider Buying and Selling

In other Ingles Markets news, Director Sharp Laura Ingle sold 4,799 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 5,901 shares in the company, valued at $415,312.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders sold 16,700 shares of company stock valued at $1,160,640. Company insiders own 23.10% of the company’s stock.

Ingles Markets Price Performance

IMKTA stock opened at $73.47 on Thursday. Ingles Markets, Incorporated has a 52-week low of $67.10 and a 52-week high of $89.59. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 7.93 and a beta of 0.66. The business has a fifty day moving average of $73.37 and a two-hundred day moving average of $73.54.

Ingles Markets (NASDAQ:IMKTA) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.67 earnings per share (EPS) for the quarter. The firm had revenue of $1.39 billion during the quarter. Ingles Markets had a return on equity of 10.58% and a net margin of 2.74%.

Ingles Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Thursday, July 11th were issued a $0.165 dividend. The ex-dividend date was Thursday, July 11th. This represents a $0.66 annualized dividend and a dividend yield of 0.90%. Ingles Markets’s dividend payout ratio is currently 7.12%.

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.