5,500 Shares in Ingles Markets, Incorporated (NASDAQ:IMKTA) Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC bought a new stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,500 shares of the company's stock, valued at approximately $354,000.

Other large investors also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in shares of Ingles Markets during the fourth quarter valued at about $96,000. Caprock Group LLC bought a new position in shares of Ingles Markets during the third quarter worth about $203,000. Captrust Financial Advisors bought a new position in shares of Ingles Markets during the third quarter worth about $206,000. Intech Investment Management LLC bought a new position in shares of Ingles Markets during the third quarter worth about $266,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Ingles Markets by 4.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company's stock worth $282,000 after purchasing an additional 187 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Ingles Markets Stock Performance

IMKTA stock traded up $0.58 during midday trading on Wednesday, reaching $62.89. The company had a trading volume of 84,109 shares, compared to its average volume of 106,528. 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 stock has a 50 day moving average price of $64.01 and a 200 day moving average price of $66.89. Ingles Markets, Incorporated has a fifty-two week low of $58.92 and a fifty-two week high of $82.01. The firm has a market capitalization of $1.19 billion, a PE ratio of 15.19 and a beta of 0.71.

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

Ingles Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were given a dividend of $0.165 per share. The ex-dividend date was Friday, January 10th. This represents a $0.66 annualized dividend and a dividend yield of 1.05%. Ingles Markets's dividend payout ratio is presently 15.94%.

Analyst Ratings Changes

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

About Ingles Markets

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.