Ingles Markets, Incorporated (NASDAQ:IMKTA) Announces Quarterly Dividend of $0.17

Ingles Markets, Incorporated (NASDAQ:IMKTA) declared a quarterly dividend on Monday, September 29th, RTT News reports. Shareholders of record on Thursday, October 9th will be paid a dividend of 0.165 per share on Thursday, October 16th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, October 9th.

Ingles Markets Trading Down 1.4%

IMKTA stock opened at $71.31 on Tuesday. The company has a market capitalization of $1.35 billion, a PE ratio of 24.01 and a beta of 0.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 3.14. Ingles Markets has a one year low of $58.92 and a one year high of $75.63. The company’s 50 day moving average price is $67.09 and its two-hundred day moving average price is $64.53.

Ingles Markets (NASDAQ:IMKTA) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.38 earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 1.05% and a return on equity of 3.60%.

Institutional Investors Weigh In On Ingles Markets

Hedge funds have recently made changes to their positions in the company. Anchor Investment Management LLC raised its holdings in Ingles Markets by 127.0% in the second quarter. Anchor Investment Management LLC now owns 4,200 shares of the company’s stock worth $266,000 after purchasing an additional 2,350 shares in the last quarter. State of Wyoming grew its position in shares of Ingles Markets by 248.4% in the 2nd quarter. State of Wyoming now owns 6,125 shares of the company’s stock worth $388,000 after buying an additional 4,367 shares during the period. Two Sigma Securities LLC increased its stake in shares of Ingles Markets by 79.9% in the 2nd quarter. Two Sigma Securities LLC now owns 5,840 shares of the company’s stock worth $370,000 after acquiring an additional 2,594 shares in the last quarter. Rafferty Asset Management LLC increased its stake in shares of Ingles Markets by 20.8% in the 2nd quarter. Rafferty Asset Management LLC now owns 4,863 shares of the company’s stock worth $308,000 after acquiring an additional 838 shares in the last quarter. Finally, Man Group plc purchased a new position in Ingles Markets during the 2nd quarter valued at about $1,927,000. 62.54% of the stock is currently owned by institutional investors.

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.