Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 33.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,846 shares of the company's stock after purchasing an additional 10,916 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.23% of Ingles Markets worth $3,271,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. CWM LLC increased its holdings in Ingles Markets by 240.9% in the second quarter. CWM LLC now owns 433 shares of the company's stock valued at $30,000 after buying an additional 306 shares in the last quarter. GAMMA Investing LLC raised its holdings in Ingles Markets by 413.9% during the third quarter. GAMMA Investing LLC now owns 406 shares of the company's stock worth $30,000 after purchasing an additional 327 shares during the last quarter. Signaturefd LLC boosted its position in 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 purchasing an additional 504 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Ingles Markets in the second quarter valued at $69,000. Finally, Innealta Capital LLC purchased a new stake in shares of Ingles Markets in the 2nd quarter worth about $74,000. 62.54% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Ingles Markets from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 21st.
View Our Latest Report on IMKTA
Ingles Markets Stock Performance
IMKTA traded up $3.12 during trading hours on Monday, hitting $75.30. 148,141 shares of the stock were exchanged, compared to its average volume of 101,526. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 8.59 and a beta of 0.72. The stock has a 50-day simple moving average of $67.58 and a 200-day simple moving average of $70.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.99 and a quick ratio of 1.49. Ingles Markets, Incorporated has a 12 month low of $59.73 and a 12 month high of $89.59.
Ingles Markets Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 10th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.66 dividend on an annualized basis and a yield of 0.88%. Ingles Markets's dividend payout ratio (DPR) is presently 7.86%.
About Ingles Markets
(
Free Report)
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.
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