Baker Ellis Asset Management LLC Sells 29,979 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Baker Ellis Asset Management LLC trimmed its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 55.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,840 shares of the company's stock after selling 29,979 shares during the period. Baker Ellis Asset Management LLC owned approximately 0.13% of Ingles Markets worth $1,536,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Ingles Markets by 413.9% in the third quarter. GAMMA Investing LLC now owns 406 shares of the company's stock valued at $30,000 after acquiring an additional 327 shares during the period. CWM LLC boosted its stake in shares of Ingles Markets by 75.5% in the 3rd quarter. CWM LLC now owns 760 shares of the company's stock valued at $57,000 after purchasing an additional 327 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Ingles Markets in the 2nd quarter worth about $69,000. FNY Investment Advisers LLC acquired a new stake in shares of Ingles Markets during the fourth quarter worth approximately $96,000. Finally, Caprock Group LLC acquired a new stake in Ingles Markets during the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 62.54% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Ingles Markets from a "hold" rating to a "buy" rating in a report on Monday, December 30th.

Ingles Markets Stock Up 1.6 %

Shares of IMKTA traded up $1.00 during mid-day trading on Thursday, hitting $64.26. 111,192 shares of the company's stock were exchanged, compared to its average volume of 120,485. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.89 and a quick ratio of 1.45. Ingles Markets, Incorporated has a 52 week low of $59.73 and a 52 week high of $85.87. The company has a market cap of $1.22 billion, a PE ratio of 11.58 and a beta of 0.76. The company has a 50-day simple moving average of $67.72 and a 200 day simple moving average of $69.74.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last announced its quarterly earnings data on Friday, December 27th. The company reported ($0.08) earnings per share for the quarter. Ingles Markets had a net margin of 1.87% and a return on equity of 6.90%.

Ingles Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 9th were issued a dividend of $0.165 per share. The ex-dividend date was Friday, January 10th. This represents a $0.66 annualized dividend and a yield of 1.03%. Ingles Markets's payout ratio is currently 11.89%.

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.