3,621 Shares in Ingles Markets, Incorporated $IMKTA Purchased by Versor Investments LP

Versor Investments LP bought a new stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) in the second quarter, Holdings Channel reports. The firm bought 3,621 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC increased its stake in Ingles Markets by 82.5% during the second quarter. Signaturefd LLC now owns 522 shares of the company’s stock worth $33,000 after purchasing an additional 236 shares during the period. Summer Road LLC grew its holdings in shares of Ingles Markets by 125.0% in the first quarter. Summer Road LLC now owns 1,800 shares of the company’s stock valued at $115,000 after purchasing an additional 1,000 shares in the last quarter. Anchor Investment Management LLC increased its stake in Ingles Markets by 85.0% during the 1st quarter. Anchor Investment Management LLC now owns 1,850 shares of the company’s stock worth $120,000 after buying an additional 850 shares during the period. Ethic Inc. purchased a new stake in Ingles Markets during the 2nd quarter worth approximately $210,000. Finally, DMC Group LLC acquired a new stake in Ingles Markets during the 1st quarter worth approximately $239,000. 62.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Ingles Markets in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Ingles Markets Stock Down 1.2%

Shares of NASDAQ:IMKTA opened at $72.99 on Friday. Ingles Markets, Incorporated has a fifty-two week low of $58.92 and a fifty-two week high of $75.63. The firm’s 50 day moving average price is $70.69 and its 200 day moving average price is $65.95. The company has a quick ratio of 1.53, a current ratio of 3.14 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 24.58 and a beta of 0.74.

Ingles Markets (NASDAQ:IMKTA) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.38 EPS 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 firm also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Thursday, October 9th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, October 9th. Ingles Markets’s dividend payout ratio is 22.22%.

About Ingles Markets

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.