Factorial Partners LLC Grows Stock Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Factorial Partners LLC lifted its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 22.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,996 shares of the company's stock after buying an additional 5,600 shares during the quarter. Factorial Partners LLC owned approximately 0.16% of Ingles Markets worth $1,997,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. FNY Investment Advisers LLC bought a new position in shares of Ingles Markets during the fourth quarter valued at $96,000. Caprock Group LLC purchased a new position in Ingles Markets in the third quarter worth about $203,000. Captrust Financial Advisors bought a new stake in shares of Ingles Markets during the third quarter valued at approximately $206,000. Intech Investment Management LLC purchased a new position in Ingles Markets in the 3rd quarter worth approximately $266,000. Finally, Exchange Traded Concepts LLC lifted its position in Ingles Markets by 4.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company's stock valued at $282,000 after acquiring an additional 187 shares in the last quarter. 62.54% of the stock is currently owned by institutional investors.

Ingles Markets Stock Performance

IMKTA stock traded down $0.88 during trading on Monday, reaching $60.57. The stock had a trading volume of 66,812 shares, compared to its average volume of 116,188. The stock's 50 day moving average is $64.68 and its two-hundred day moving average is $67.79. The firm has a market cap of $1.15 billion, a PE ratio of 14.63 and a beta of 0.75. Ingles Markets, Incorporated has a 52 week low of $59.73 and a 52 week high of $82.01. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.87 earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Ingles Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets's dividend payout ratio (DPR) is presently 15.94%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Ingles Markets from a "buy" rating to a "hold" rating in a report on Monday, February 10th.

Ingles Markets 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.