14,029 Shares in Ingles Markets, Incorporated (NASDAQ:IMKTA) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 14,029 shares of the company's stock, valued at approximately $904,000. Semanteon Capital Management LP owned 0.07% of Ingles Markets at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brandes Investment Partners LP grew its position in Ingles Markets by 42.4% during the fourth quarter. Brandes Investment Partners LP now owns 533,982 shares of the company's stock worth $34,410,000 after buying an additional 159,097 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Ingles Markets during the 4th quarter worth $3,559,000. Charles Schwab Investment Management Inc. lifted its position in Ingles Markets by 11.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 453,558 shares of the company's stock worth $29,227,000 after buying an additional 48,000 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Ingles Markets by 62.4% in the fourth quarter. Teacher Retirement System of Texas now owns 119,748 shares of the company's stock worth $7,717,000 after acquiring an additional 46,025 shares during the last quarter. Finally, 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 purchasing an additional 18,380 shares during the last quarter. 62.54% of the stock is owned by institutional investors and hedge funds.

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Ingles Markets Stock Down 0.8 %

Shares of NASDAQ:IMKTA traded down $0.48 during mid-day trading on Tuesday, hitting $61.22. 102,226 shares of the company traded hands, compared to its average volume of 107,076. 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, Incorporated has a 52-week low of $58.92 and a 52-week high of $82.01. The firm's 50 day simple moving average is $63.90 and its 200 day simple moving average is $66.57. The firm has a market cap of $1.16 billion, a P/E ratio of 14.79 and a beta of 0.71.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.87 earnings per share for the quarter. Ingles Markets had a return on equity of 5.09% and a net margin of 1.45%.

Ingles Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, January 10th. Ingles Markets's payout ratio is currently 15.94%.

Analysts Set New Price Targets

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