Los Angeles Capital Management LLC Has $720,000 Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Los Angeles Capital Management LLC lessened its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 10.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,653 shares of the company’s stock after selling 1,100 shares during the period. Los Angeles Capital Management LLC owned about 0.05% of Ingles Markets worth $720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in shares of Ingles Markets by 3,487.5% during the first quarter. Russell Investments Group Ltd. now owns 2,583 shares of the company’s stock worth $198,000 after purchasing an additional 2,511 shares during the period. Cynosure Group LLC acquired a new position in shares of Ingles Markets in the first quarter worth $312,000. Gamco Investors INC. ET AL raised its holdings in shares of Ingles Markets by 1.2% during the first quarter. Gamco Investors INC. ET AL now owns 550,595 shares of the company’s stock worth $42,220,000 after acquiring an additional 6,475 shares in the last quarter. BOKF NA acquired a new stake in Ingles Markets during the first quarter valued at $267,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Ingles Markets by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,933 shares of the company’s stock valued at $609,000 after purchasing an additional 912 shares in the last quarter. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ingles Markets Stock Down 3.6 %

Ingles Markets stock opened at $70.05 on Friday. The company has a market capitalization of $1.33 billion, a P/E ratio of 8.34 and a beta of 0.72. Ingles Markets, Incorporated has a 1-year low of $59.73 and a 1-year high of $89.59. The firm’s fifty day simple moving average is $67.81 and its 200-day simple moving average is $70.98. The company has a current ratio of 2.99, a quick ratio of 1.49 and a debt-to-equity ratio of 0.34.

Ingles Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 10th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. Ingles Markets’s dividend payout ratio (DPR) 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.