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

Linden Thomas Advisory Services LLC raised its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 34.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 13,284 shares of the company’s stock after purchasing an additional 3,367 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 0.07% of Ingles Markets worth $842,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Significant Wealth Partners LLC increased its position in shares of Ingles Markets by 2.8% during the second quarter. Significant Wealth Partners LLC now owns 7,390 shares of the company’s stock worth $468,000 after buying an additional 204 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Ingles Markets by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,087 shares of the company’s stock valued at $266,000 after acquiring an additional 232 shares during the last quarter. Signaturefd LLC grew its holdings in Ingles Markets by 82.5% during the 2nd quarter. Signaturefd LLC now owns 522 shares of the company’s stock worth $33,000 after acquiring an additional 236 shares during the period. Janney Montgomery Scott LLC grew its holdings in Ingles Markets by 1.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,729 shares of the company’s stock worth $1,155,000 after acquiring an additional 286 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ingles Markets by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,617 shares of the company’s stock worth $561,000 after acquiring an additional 385 shares in the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ingles Markets in a research note on Saturday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Ingles Markets presently has a consensus rating of “Hold”.

Ingles Markets Price Performance

Shares of NASDAQ IMKTA opened at $72.07 on Monday. The firm has a market capitalization of $1.37 billion, a P/E ratio of 24.27 and a beta of 0.75. The firm’s 50-day moving average price is $69.86 and its 200-day moving average price is $65.44. The company has a current ratio of 3.14, a quick ratio of 1.53 and a debt-to-equity ratio of 0.32. Ingles Markets, Incorporated has a 1-year low of $58.92 and a 1-year high of $75.63.

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

Ingles Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Thursday, October 9th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, October 9th. Ingles Markets’s 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.