2,500 Shares in Ingles Markets, Incorporated (NASDAQ:IMKTA) Acquired by Sapient Capital LLC

Sapient Capital LLC purchased a new position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,500 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ensign Peak Advisors Inc bought a new stake in Ingles Markets during the 3rd quarter valued at $35,000. Osaic Holdings Inc. increased its holdings in shares of Ingles Markets by 53.0% in the 2nd quarter. Osaic Holdings Inc. now owns 439 shares of the company’s stock valued at $36,000 after acquiring an additional 152 shares during the period. Penserra Capital Management LLC purchased a new position in shares of Ingles Markets in the 1st quarter valued at $45,000. Quantbot Technologies LP increased its holdings in shares of Ingles Markets by 717.0% in the 1st quarter. Quantbot Technologies LP now owns 817 shares of the company’s stock valued at $72,000 after acquiring an additional 717 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Ingles Markets by 1,066.0% in the 1st quarter. Covestor Ltd now owns 1,096 shares of the company’s stock valued at $98,000 after acquiring an additional 1,002 shares during the period. 62.54% of the stock is owned by institutional investors.

Ingles Markets Stock Up 0.5 %

Shares of IMKTA stock opened at $73.34 on Tuesday. Ingles Markets, Incorporated has a 1-year low of $72.77 and a 1-year high of $94.68. The stock’s fifty day moving average price is $76.24 and its 200 day moving average price is $80.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.22 and a quick ratio of 1.45. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 7.55 and a beta of 0.60.

Ingles Markets (NASDAQ:IMKTA) last announced its earnings results on Thursday, February 8th. The company reported $2.28 earnings per share for the quarter. Ingles Markets had a return on equity of 12.92% and a net margin of 3.14%. The firm had revenue of $1.48 billion for the quarter.

Ingles Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 11th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.66 annualized dividend and a yield of 0.90%. Ingles Markets’s dividend payout ratio (DPR) is 6.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IMKTA. StockNews.com downgraded Ingles Markets from a “strong-buy” rating to a “buy” rating in a report on Friday, February 9th. TheStreet downgraded Ingles Markets from a “b” rating to a “c+” rating in a report on Monday, February 26th.

Insider Buying and Selling

In related news, Director Sharp Laura Ingle sold 2,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $75.00, for a total transaction of $150,000.00. Following the transaction, the director now directly owns 28,700 shares in the company, valued at approximately $2,152,500. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 8,000 shares of company stock worth $607,000 in the last ninety days. 23.10% of the stock is owned by insiders.

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.