FNY Investment Advisers LLC Purchases Shares of 1,500 Ingles Markets, Incorporated (NASDAQ:IMKTA)

FNY Investment Advisers LLC purchased a new position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,500 shares of the company’s stock, valued at approximately $96,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position 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 buying an additional 327 shares in the last quarter. CWM LLC boosted its holdings in shares of Ingles Markets by 75.5% in the 3rd quarter. CWM LLC now owns 760 shares of the company’s stock worth $57,000 after acquiring an additional 327 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Ingles Markets during the 2nd quarter worth approximately $69,000. Caprock Group LLC acquired a new position in Ingles Markets in the third quarter worth $203,000. Finally, Captrust Financial Advisors bought a new stake in shares of Ingles Markets during the third quarter worth $206,000. 62.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Ingles Markets from a “hold” rating to a “buy” rating in a research report on Monday, December 30th.

Ingles Markets Stock Performance

Shares of Ingles Markets stock opened at $63.78 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.99 and a quick ratio of 1.49. The firm has a 50 day simple moving average of $68.53 and a 200 day simple moving average of $69.89. Ingles Markets, Incorporated has a fifty-two week low of $59.73 and a fifty-two week high of $86.16. The firm has a market cap of $1.21 billion, a P/E ratio of 7.59 and a beta of 0.76.

Ingles Markets (NASDAQ:IMKTA) last released its earnings results on Friday, December 27th. The company reported ($0.08) earnings per share for the quarter. Ingles Markets had a return on equity of 10.58% and a net margin of 2.74%.

Ingles Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.66 dividend on an annualized basis and a yield of 1.03%. Ingles Markets’s payout ratio is presently 11.89%.

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.