Martingale Asset Management L P Has $2.28 Million Stake in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Martingale Asset Management L P grew its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 78.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 35,394 shares of the company’s stock after acquiring an additional 15,509 shares during the quarter. Martingale Asset Management L P’s holdings in Ingles Markets were worth $2,281,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Ingles Markets by 3.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,830 shares of the company’s stock valued at $1,852,000 after acquiring an additional 712 shares in the last quarter. Captrust Financial Advisors bought a new stake in Ingles Markets in the third quarter valued at $206,000. Janus Henderson Group PLC raised its holdings in shares of Ingles Markets by 11.7% during the third quarter. Janus Henderson Group PLC now owns 14,664 shares of the company’s stock valued at $1,094,000 after purchasing an additional 1,540 shares during the period. Jane Street Group LLC raised its holdings in shares of Ingles Markets by 29.4% during the third quarter. Jane Street Group LLC now owns 18,041 shares of the company’s stock valued at $1,346,000 after purchasing an additional 4,101 shares during the period. Finally, Barclays PLC boosted its position in shares of Ingles Markets by 346.2% during the 3rd quarter. Barclays PLC now owns 23,689 shares of the company’s stock worth $1,768,000 after purchasing an additional 18,380 shares in the last quarter. 62.54% of the stock is owned by institutional investors.

Ingles Markets Stock Performance

NASDAQ IMKTA opened at $63.87 on Friday. The company has a market cap of $1.21 billion, a P/E ratio of 15.43 and a beta of 0.75. The company has a fifty day simple moving average of $63.47 and a 200 day simple moving average of $65.71. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. Ingles Markets, Incorporated has a 12-month low of $58.92 and a 12-month high of $82.01.

Ingles Markets (NASDAQ:IMKTA) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Ingles Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th will be issued a $0.165 dividend. The ex-dividend date is Thursday, April 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.03%. Ingles Markets’s dividend payout ratio is presently 15.94%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Ingles Markets from a “buy” rating to a “hold” rating in a research note on Monday, February 10th.

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.