Price T Rowe Associates Inc. MD Grows Stock Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Price T Rowe Associates Inc. MD lifted its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 13.0% during the first quarter, Holdings Channel reports. The institutional investor owned 7,933 shares of the company’s stock after acquiring an additional 912 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Ingles Markets were worth $609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its holdings in Ingles Markets by 30.1% in the fourth quarter. Quadrant Capital Group LLC now owns 735 shares of the company’s stock valued at $63,000 after acquiring an additional 170 shares during the period. Quest Partners LLC acquired a new stake in shares of Ingles Markets during the fourth quarter valued at about $78,000. Russell Investments Group Ltd. increased its position 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 valued at $198,000 after acquiring an additional 2,511 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new position in shares of Ingles Markets in the fourth quarter valued at approximately $207,000. Finally, Leuthold Group LLC purchased a new position in shares of Ingles Markets in the fourth quarter valued at approximately $210,000. 62.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ingles Markets

In other news, Director Sharp Laura Ingle sold 4,799 shares of Ingles Markets stock in a transaction on Monday, June 24th. The shares were sold at an average price of $70.38, for a total value of $337,753.62. Following the transaction, the director now directly owns 5,901 shares of the company’s stock, valued at approximately $415,312.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 16,700 shares of company stock worth $1,160,640. 23.10% of the stock is currently owned by insiders.

Ingles Markets Stock Down 0.2 %

Shares of Ingles Markets stock opened at $72.05 on Wednesday. The company has a market capitalization of $1.37 billion, a P/E ratio of 7.77 and a beta of 0.66. The company has a quick ratio of 1.53, a current ratio of 3.20 and a debt-to-equity ratio of 0.34. Ingles Markets, Incorporated has a 52-week low of $67.10 and a 52-week high of $89.59. The company has a 50 day moving average of $72.49 and a 200 day moving average of $74.46.

Ingles Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Thursday, July 11th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $0.66 annualized dividend and a dividend yield of 0.92%. Ingles Markets’s dividend payout ratio is presently 7.12%.

Ingles Markets 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.