James Investment Research Inc. Trims Stock Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

James Investment Research Inc. trimmed its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 39.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,958 shares of the company's stock after selling 7,164 shares during the period. James Investment Research Inc. owned about 0.06% of Ingles Markets worth $706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IMKTA. River Road Asset Management LLC boosted its holdings in shares of Ingles Markets by 7.1% in the 3rd quarter. River Road Asset Management LLC now owns 971,026 shares of the company's stock valued at $72,439,000 after buying an additional 64,296 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ingles Markets by 8.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,558 shares of the company's stock valued at $30,255,000 after buying an additional 31,027 shares in the last quarter. Factorial Partners LLC bought a new stake in shares of Ingles Markets in the 3rd quarter valued at about $1,895,000. Barclays PLC boosted its holdings in shares of Ingles Markets by 346.2% in the 3rd quarter. Barclays PLC now owns 23,689 shares of the company's stock valued at $1,768,000 after buying an additional 18,380 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Ingles Markets by 49.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 54,652 shares of the company's stock valued at $4,077,000 after buying an additional 18,141 shares in the last quarter. 62.54% of the stock is currently owned by institutional investors.

Ingles Markets Price Performance

Ingles Markets stock traded down $0.30 during trading on Thursday, reaching $64.41. The company had a trading volume of 92,263 shares, compared to its average volume of 111,650. The firm's 50-day simple moving average is $65.20 and its 200 day simple moving average is $68.28. Ingles Markets, Incorporated has a 1-year low of $59.73 and a 1-year high of $82.01. The firm has a market capitalization of $1.22 billion, a PE ratio of 15.56 and a beta of 0.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 3.24.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last released its quarterly 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th were paid 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 1.02%. Ingles Markets's dividend payout ratio (DPR) is presently 15.94%.

Analyst Ratings Changes

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 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.