Trexquant Investment LP Purchases 11,442 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Trexquant Investment LP lifted its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 205.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,015 shares of the company’s stock after acquiring an additional 11,442 shares during the period. Trexquant Investment LP’s holdings in Ingles Markets were worth $1,096,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IMKTA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Ingles Markets by 3.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,830 shares of the company’s stock worth $1,852,000 after acquiring an additional 712 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of Ingles Markets in the 3rd quarter worth approximately $206,000. Janus Henderson Group PLC grew its stake in shares of Ingles Markets by 11.7% in the 3rd quarter. Janus Henderson Group PLC now owns 14,664 shares of the company’s stock worth $1,094,000 after buying an additional 1,540 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Ingles Markets by 29.4% in the 3rd quarter. Jane Street Group LLC now owns 18,041 shares of the company’s stock worth $1,346,000 after buying an additional 4,101 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Ingles Markets by 346.2% in the 3rd quarter. Barclays PLC now owns 23,689 shares of the company’s stock worth $1,768,000 after buying an additional 18,380 shares during the last quarter. Institutional investors own 62.54% of the company’s stock.

Ingles Markets Stock Performance

Ingles Markets stock opened at $63.87 on Friday. The company has a quick ratio of 1.45, a current ratio of 3.24 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $1.21 billion, a P/E ratio of 15.43 and a beta of 0.75. The stock’s 50 day moving average is $63.47 and its 200 day moving average is $65.71. Ingles Markets, Incorporated has a twelve month low of $58.92 and a twelve month high of $82.01.

Ingles Markets (NASDAQ:IMKTA) last issued its earnings results on Thursday, February 6th. The company reported $0.87 EPS for the quarter. Ingles Markets had a return on equity of 5.09% and a net margin of 1.45%.

Ingles Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $0.66 annualized dividend and a yield of 1.03%. Ingles Markets’s dividend payout ratio is 15.94%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Ingles Markets from a “buy” rating to a “hold” rating in a research note on Monday, February 10th.

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.