Sanctuary Advisors LLC Buys 2,247 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Sanctuary Advisors LLC grew its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 25.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,064 shares of the company’s stock after purchasing an additional 2,247 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.06% of Ingles Markets worth $799,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brandes Investment Partners LP grew its position in Ingles Markets by 111.0% in the 2nd quarter. Brandes Investment Partners LP now owns 196,753 shares of the company’s stock worth $13,480,000 after purchasing an additional 103,507 shares in the last quarter. Systematic Financial Management LP increased its position in shares of Ingles Markets by 103.1% during the second quarter. Systematic Financial Management LP now owns 181,564 shares of the company’s stock valued at $12,457,000 after acquiring an additional 92,164 shares during the last quarter. River Road Asset Management LLC lifted its holdings in Ingles Markets by 7.1% during the third quarter. River Road Asset Management LLC now owns 971,026 shares of the company’s stock worth $72,439,000 after acquiring an additional 64,296 shares during the period. American Century Companies Inc. grew its stake in Ingles Markets by 9.5% in the 2nd quarter. American Century Companies Inc. now owns 369,184 shares of the company’s stock valued at $25,330,000 after purchasing an additional 32,013 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Ingles Markets by 8.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,558 shares of the company’s stock valued at $30,255,000 after purchasing an additional 31,027 shares during the last quarter. Institutional investors own 62.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Ingles Markets from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

Ingles Markets Trading Down 2.6 %

Shares of IMKTA stock opened at $64.60 on Tuesday. 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 firm has a market cap of $1.23 billion, a P/E ratio of 7.69 and a beta of 0.74. The company has a 50 day moving average of $68.46 and a 200-day moving average of $70.51. Ingles Markets, Incorporated has a 12-month low of $59.73 and a 12-month high of $89.59.

Ingles Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 10th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.02%. Ingles Markets’s dividend payout ratio is presently 7.86%.

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.