Factorial Partners LLC Purchases Shares of 25,396 Ingles Markets, Incorporated (NASDAQ:IMKTA)

Factorial Partners LLC bought a new position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,396 shares of the company's stock, valued at approximately $1,895,000. Factorial Partners LLC owned about 0.13% of Ingles Markets at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of Ingles Markets by 240.9% during the second quarter. CWM LLC now owns 433 shares of the company's stock worth $30,000 after purchasing an additional 306 shares during the last quarter. GAMMA Investing LLC boosted 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 buying an additional 327 shares in the last quarter. Signaturefd LLC raised its stake in shares of Ingles Markets by 101.0% during the second quarter. Signaturefd LLC now owns 1,003 shares of the company's stock worth $69,000 after buying an additional 504 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Ingles Markets in the second quarter valued at approximately $69,000. Finally, Innealta Capital LLC acquired a new position in Ingles Markets during the second quarter worth $74,000. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Ingles Markets Stock Performance

IMKTA stock traded down $0.22 during mid-day trading on Wednesday, reaching $69.46. 72,101 shares of the stock traded hands, compared to its average volume of 101,615. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average of $67.67 and a two-hundred day moving average of $70.91. Ingles Markets, Incorporated has a 52 week low of $59.73 and a 52 week high of $89.59. The firm has a market capitalization of $1.32 billion, a PE ratio of 8.30 and a beta of 0.72.

Ingles Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 10th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Thursday, October 10th. Ingles Markets's dividend payout ratio is currently 7.86%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Ingles Markets from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 21st.

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.