Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Sold by LSV Asset Management

LSV Asset Management decreased its position in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,383 shares of the company's stock after selling 6,400 shares during the period. LSV Asset Management owned approximately 1.25% of Ingles Markets worth $15,297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IMKTA. Raymond James Financial Inc. purchased a new position in shares of Ingles Markets in the 4th quarter worth $3,559,000. Martingale Asset Management L P raised its position in shares of Ingles Markets by 78.0% during the fourth quarter. Martingale Asset Management L P now owns 35,394 shares of the company's stock valued at $2,281,000 after buying an additional 15,509 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Ingles Markets by 29.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,335 shares of the company's stock worth $473,000 after acquiring an additional 1,664 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Ingles Markets by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 61,502 shares of the company's stock valued at $3,963,000 after purchasing an additional 184 shares in the last quarter. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Ingles Markets in the 4th quarter valued at approximately $210,000. Institutional investors own 62.54% of the company's stock.

Ingles Markets Stock Up 1.3 %

Shares of IMKTA stock traded up $0.77 on Friday, hitting $62.09. The stock had a trading volume of 100,142 shares, compared to its average volume of 116,485. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $82.01. The business has a 50 day moving average price of $63.11 and a 200 day moving average price of $65.37. The company has a market cap of $1.18 billion, a PE ratio of 15.00 and a beta of 0.75. The company has a quick ratio of 1.45, a current ratio of 3.24 and a debt-to-equity ratio of 0.33.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last issued its quarterly earnings data 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, April 17th. Shareholders of record on Thursday, April 10th were paid a $0.165 dividend. The ex-dividend date was Thursday, April 10th. This represents a $0.66 annualized dividend and a yield of 1.06%. Ingles Markets's dividend payout ratio (DPR) is presently 15.94%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Ingles Markets from a "buy" rating to a "hold" rating in a research 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.