Sanctuary Advisors LLC Purchases 4,515 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Sanctuary Advisors LLC grew its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 40.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,579 shares of the company's stock after purchasing an additional 4,515 shares during the period. Sanctuary Advisors LLC owned approximately 0.08% of Ingles Markets worth $1,044,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new position in Ingles Markets in the fourth quarter worth about $96,000. Caprock Group LLC acquired a new position in shares of Ingles Markets during the third quarter valued at approximately $203,000. Captrust Financial Advisors bought a new stake in shares of Ingles Markets in the 3rd quarter worth $206,000. Intech Investment Management LLC acquired a new stake in Ingles Markets in the 3rd quarter valued at about $266,000. Finally, Virtu Financial LLC bought a new position in shares of Ingles Markets in the third quarter valued at $318,000. Hedge funds and other institutional investors own 62.54% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Ingles Markets from a "buy" rating to a "hold" rating in a research note on Monday, February 10th.

Ingles Markets Stock Down 0.7 %

Shares of IMKTA traded down $0.45 during midday trading on Friday, reaching $61.44. 170,215 shares of the stock were exchanged, compared to its average volume of 117,523. The company has a quick ratio of 1.45, a current ratio of 3.24 and a debt-to-equity ratio of 0.33. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 14.84 and a beta of 0.75. The firm has a 50 day simple moving average of $64.68 and a 200-day simple moving average of $67.81. Ingles Markets, Incorporated has a 12-month low of $59.73 and a 12-month high of $82.01.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.87 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, January 16th. Investors of record on Thursday, January 9th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets's payout ratio is presently 15.94%.

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.