Trexquant Investment LP Acquires 11,442 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Trexquant Investment LP raised its position in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 205.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,015 shares of the company's stock after buying an additional 11,442 shares during the period. Trexquant Investment LP owned 0.09% of Ingles Markets worth $1,096,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in IMKTA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Ingles Markets by 3.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,830 shares of the company's stock valued at $1,852,000 after buying an additional 712 shares during the period. Captrust Financial Advisors bought a new position in shares of Ingles Markets during the 3rd quarter worth approximately $206,000. Janus Henderson Group PLC lifted its position in Ingles Markets by 11.7% during the 3rd quarter. Janus Henderson Group PLC now owns 14,664 shares of the company's stock worth $1,094,000 after buying an additional 1,540 shares in the last quarter. Jane Street Group LLC raised its position in Ingles Markets by 29.4% during the third quarter. Jane Street Group LLC now owns 18,041 shares of the company's stock worth $1,346,000 after acquiring an additional 4,101 shares in the last quarter. Finally, Barclays PLC grew its position 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 acquiring an additional 18,380 shares during the period. 62.54% of the stock is owned by institutional investors.

Ingles Markets Price Performance

IMKTA traded up $0.53 on Wednesday, hitting $62.04. 3,919 shares of the stock were exchanged, compared to its average volume of 115,765. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.24 and a quick ratio of 1.45. Ingles Markets, Incorporated has a 12 month low of $58.92 and a 12 month high of $82.01. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 14.99 and a beta of 0.75. The business has a 50-day moving average of $63.22 and a two-hundred day moving average of $65.49.

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

Analyst Ratings Changes

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