8,079 Shares in Ingles Markets, Incorporated (NASDAQ:IMKTA) Bought by Private Advisor Group LLC

Private Advisor Group LLC bought a new position in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,079 shares of the company's stock, valued at approximately $603,000.

Several other institutional investors and hedge funds have also modified their holdings of IMKTA. Baker Ellis Asset Management LLC lifted its position in shares of Ingles Markets by 0.3% in the second quarter. Baker Ellis Asset Management LLC now owns 55,641 shares of the company's stock worth $3,818,000 after buying an additional 181 shares during the last quarter. CWM LLC lifted its stake in shares of Ingles Markets by 240.9% in the second quarter. CWM LLC now owns 433 shares of the company's stock worth $30,000 after buying an additional 306 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Ingles Markets by 413.9% during the 3rd quarter. GAMMA Investing LLC now owns 406 shares of the company's stock worth $30,000 after buying an additional 327 shares during the period. Sei Investments Co. grew its stake in Ingles Markets by 12.1% in the 2nd quarter. Sei Investments Co. now owns 3,844 shares of the company's stock valued at $264,000 after buying an additional 416 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in Ingles Markets by 9.5% in the 2nd quarter. Inspire Investing LLC now owns 5,170 shares of the company's stock worth $355,000 after acquiring an additional 447 shares during the period. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Ingles Markets from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 21st.

Ingles Markets Price Performance

Shares of IMKTA traded up $0.64 on Monday, hitting $65.69. The company's stock had a trading volume of 99,771 shares, compared to its average volume of 99,936. The company has a 50 day moving average price of $68.34 and a 200 day moving average price of $71.13. 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 fifty-two week low of $59.73 and a fifty-two week high of $89.59. The company has a market capitalization of $1.25 billion, a PE ratio of 7.74 and a beta of 0.72.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.67 earnings per share for the quarter. Ingles Markets had a net margin of 2.74% and a return on equity of 10.58%. The firm had revenue of $1.39 billion during the quarter.

Ingles Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.165 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.66 annualized dividend and a yield of 1.00%. Ingles Markets's dividend payout ratio is currently 7.86%.

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.