Linden Thomas Advisory Services LLC Buys 3,367 Shares of Ingles Markets, Incorporated $IMKTA

Linden Thomas Advisory Services LLC raised its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 34.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,284 shares of the company’s stock after purchasing an additional 3,367 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Ingles Markets were worth $842,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Ingles Markets by 1.9% during the first quarter. Vanguard Group Inc. now owns 1,257,669 shares of the company’s stock worth $81,912,000 after buying an additional 22,970 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Ingles Markets by 8.1% in the 1st quarter. American Century Companies Inc. now owns 514,302 shares of the company’s stock worth $33,497,000 after acquiring an additional 38,408 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Ingles Markets by 9.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 497,217 shares of the company’s stock valued at $32,384,000 after purchasing an additional 43,659 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Ingles Markets by 0.7% in the first quarter. Royce & Associates LP now owns 409,700 shares of the company’s stock valued at $26,684,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Ingles Markets by 2.7% during the second quarter. Allianz Asset Management GmbH now owns 151,770 shares of the company’s stock valued at $9,619,000 after purchasing an additional 3,993 shares in the last quarter. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Ingles Markets Trading Down 0.8%

Shares of Ingles Markets stock opened at $72.07 on Monday. The firm has a market cap of $1.37 billion, a PE ratio of 24.27 and a beta of 0.75. Ingles Markets, Incorporated has a 1 year low of $58.92 and a 1 year high of $75.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.14 and a quick ratio of 1.53. The stock has a fifty day moving average price of $69.86 and a 200-day moving average price of $65.44.

Ingles Markets (NASDAQ:IMKTA) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.38 earnings per share for the quarter. Ingles Markets had a net margin of 1.05% and a return on equity of 3.60%.

Ingles Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Thursday, October 9th were paid a dividend of $0.165 per share. The ex-dividend date was Thursday, October 9th. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. Ingles Markets’s dividend payout ratio (DPR) is presently 22.22%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ingles Markets in a research report on Saturday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

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.