nVerses Capital LLC Sells 400 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

nVerses Capital LLC decreased its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 36.4% during the third quarter, HoldingsChannel.com reports. The firm owned 700 shares of the company’s stock after selling 400 shares during the quarter. nVerses Capital LLC’s holdings in Ingles Markets were worth $52,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IMKTA. DGS Capital Management LLC increased its holdings in shares of Ingles Markets by 15.1% in the 1st quarter. DGS Capital Management LLC now owns 18,381 shares of the company’s stock worth $1,409,000 after purchasing an additional 2,409 shares in the last quarter. Baker Ellis Asset Management LLC increased its holdings in Ingles Markets by 8.8% in the 1st quarter. Baker Ellis Asset Management LLC now owns 55,460 shares of the company’s stock worth $4,253,000 after buying an additional 4,500 shares in the last quarter. Diversified Trust Co purchased a new position in Ingles Markets in the 1st quarter worth about $406,000. Allspring Global Investments Holdings LLC lifted its stake in Ingles Markets by 69.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 41,219 shares of the company’s stock valued at $3,161,000 after acquiring an additional 16,877 shares during the period. Finally, Denali Advisors LLC boosted its holdings in shares of Ingles Markets by 20.0% during the 1st quarter. Denali Advisors LLC now owns 65,495 shares of the company’s stock valued at $5,022,000 after acquiring an additional 10,919 shares during the last quarter. 62.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Ingles Markets Stock Performance

IMKTA stock opened at $63.68 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.99 and a quick ratio of 1.49. Ingles Markets, Incorporated has a 1 year low of $59.73 and a 1 year high of $89.59. The company has a market cap of $1.21 billion, a P/E ratio of 6.87 and a beta of 0.70. The stock’s fifty day moving average price is $69.88 and its 200-day moving average price is $71.81.

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

Ingles Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.165 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.66 dividend on an annualized basis and a yield of 1.04%. 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.