Sharp Laura Ingle Sells 4,799 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) Stock

Ingles Markets, Incorporated (NASDAQ:IMKTAGet Free Report) Director Sharp Laura Ingle sold 4,799 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $70.38, for a total transaction of $337,753.62. Following the completion of the transaction, the director now owns 5,901 shares in the company, valued at $415,312.38. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Sharp Laura Ingle also recently made the following trade(s):

  • On Monday, June 10th, Sharp Laura Ingle sold 6,000 shares of Ingles Markets stock. The shares were sold at an average price of $70.25, for a total value of $421,500.00.
  • On Thursday, March 28th, Sharp Laura Ingle sold 4,000 shares of Ingles Markets stock. The stock was sold at an average price of $76.25, for a total value of $305,000.00.

Ingles Markets Stock Down 0.4 %

Shares of NASDAQ IMKTA traded down $0.30 during midday trading on Tuesday, hitting $69.71. The company’s stock had a trading volume of 44,426 shares, compared to its average volume of 83,647. Ingles Markets, Incorporated has a 1 year low of $67.10 and a 1 year high of $89.59. The business’s fifty day simple moving average is $72.16 and its two-hundred day simple moving average is $77.42. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 7.55 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.20 and a quick ratio of 1.53.

Ingles Markets (NASDAQ:IMKTAGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $1.68 EPS for the quarter. The business had revenue of $1.37 billion during the quarter. Ingles Markets had a net margin of 3.00% and a return on equity of 11.97%.

Ingles Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 11th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Wednesday, April 10th. Ingles Markets’s dividend payout ratio is presently 7.12%.

Institutional Investors Weigh In On Ingles Markets

A number of hedge funds and other institutional investors have recently modified their holdings of IMKTA. Deutsche Bank AG grew its stake in shares of Ingles Markets by 12.2% during the third quarter. Deutsche Bank AG now owns 7,441 shares of the company’s stock worth $561,000 after purchasing an additional 807 shares in the last quarter. Rhumbline Advisers lifted its holdings in Ingles Markets by 25.2% during the 3rd quarter. Rhumbline Advisers now owns 28,795 shares of the company’s stock worth $2,169,000 after buying an additional 5,787 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Ingles Markets by 87.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,165 shares of the company’s stock worth $2,649,000 after buying an additional 16,375 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Ingles Markets during the 3rd quarter worth about $1,357,000. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Ingles Markets by 26.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 74,002 shares of the company’s stock valued at $5,575,000 after acquiring an additional 15,383 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered Ingles Markets from a “b” rating to a “c+” rating in a research note on Monday, February 26th.

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About Ingles Markets

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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.

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