Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 33.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,846 shares of the company’s stock after purchasing an additional 10,916 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.23% of Ingles Markets worth $3,271,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IMKTA. GAMMA Investing LLC lifted its position in shares of Ingles Markets by 413.9% during the 3rd quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 327 shares during the last quarter. CWM LLC raised its position in Ingles Markets by 240.9% during the second quarter. CWM LLC now owns 433 shares of the company’s stock worth $30,000 after acquiring an additional 306 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Ingles Markets in the second quarter valued at approximately $69,000. Signaturefd LLC grew its holdings in Ingles Markets by 101.0% during the 2nd quarter. Signaturefd LLC now owns 1,003 shares of the company’s stock valued at $69,000 after buying an additional 504 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Ingles Markets during the second quarter valued at $74,000. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Ingles Markets Stock Up 2.6 %

Shares of IMKTA opened at $72.18 on Monday. The firm has a market cap of $1.37 billion, a PE ratio of 8.59 and a beta of 0.72. 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 company’s fifty day moving average is $67.58 and its two-hundred day moving average is $70.89. Ingles Markets, Incorporated has a fifty-two week low of $59.73 and a fifty-two week high of $89.59.

Ingles Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 10th were issued a $0.165 dividend. 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 0.91%. Ingles Markets’s dividend payout ratio (DPR) is 7.86%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 21st.

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.