Sharp Laura Ingle Sells 2,000 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) Stock

Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sharp Laura Ingle sold 2,000 shares of Ingles Markets stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $76.00, for a total transaction of $152,000.00. Following the sale, the director now owns 24,700 shares in the company, valued at $1,877,200. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, March 20th, Sharp Laura Ingle sold 2,000 shares of Ingles Markets stock. The stock was sold at an average price of $75.00, for a total transaction of $150,000.00.

Ingles Markets Stock Performance

NASDAQ:IMKTA opened at $75.44 on Thursday. The company has a fifty day moving average of $78.40 and a 200-day moving average of $80.26. The firm has a market capitalization of $1.43 billion, a P/E ratio of 7.76 and a beta of 0.60. The company has a quick ratio of 1.45, a current ratio of 3.22 and a debt-to-equity ratio of 0.36. Ingles Markets, Incorporated has a twelve month low of $73.00 and a twelve month high of $94.68.

Ingles Markets (NASDAQ:IMKTA) last announced its quarterly earnings results on Thursday, February 8th. The company reported $2.28 EPS for the quarter. The business had revenue of $1.48 billion during the quarter. Ingles Markets had a net margin of 3.14% and a return on equity of 12.92%.

Ingles Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, January 12th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Thursday, January 11th. Ingles Markets’s dividend payout ratio is 6.79%.

Hedge Funds Weigh In On Ingles Markets

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ensign Peak Advisors Inc bought a new stake in Ingles Markets in the 3rd quarter valued at about $35,000. Osaic Holdings Inc. increased its position in shares of Ingles Markets by 53.0% during the second quarter. Osaic Holdings Inc. now owns 439 shares of the company’s stock valued at $36,000 after buying an additional 152 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Ingles Markets during the first quarter valued at about $45,000. Quadrant Capital Group LLC increased its position in shares of Ingles Markets by 30.1% during the fourth quarter. Quadrant Capital Group LLC now owns 735 shares of the company’s stock valued at $63,000 after buying an additional 170 shares during the period. Finally, Quantbot Technologies LP increased its position in shares of Ingles Markets by 717.0% during the first quarter. Quantbot Technologies LP now owns 817 shares of the company’s stock valued at $72,000 after buying an additional 717 shares during the period. 62.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IMKTA has been the subject of several analyst reports. TheStreet lowered shares of Ingles Markets from a “b” rating to a “c+” rating in a report on Monday, February 26th. StockNews.com lowered shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a report on Friday, February 9th.

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.