Victory Capital Management Inc. Raises Stock Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Victory Capital Management Inc. boosted its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 36.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,901 shares of the company's stock after purchasing an additional 12,726 shares during the period. Victory Capital Management Inc. owned 0.25% of Ingles Markets worth $3,573,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baker Ellis Asset Management LLC lifted its stake in shares of Ingles Markets by 0.3% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 55,641 shares of the company's stock valued at $3,818,000 after purchasing an additional 181 shares during the last quarter. CWM LLC lifted its position 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 stake 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 acquiring an additional 327 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Ingles Markets by 12.1% during the 2nd quarter. Sei Investments Co. now owns 3,844 shares of the company's stock worth $264,000 after acquiring an additional 416 shares in the last quarter. Finally, Inspire Investing LLC raised its position in shares of Ingles Markets by 9.5% in the second quarter. Inspire Investing LLC now owns 5,170 shares of the company's stock valued at $355,000 after purchasing an additional 447 shares during the period. Hedge funds and other institutional investors own 62.54% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered 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 NASDAQ:IMKTA traded up $1.85 during midday trading on Friday, hitting $72.18. The stock had a trading volume of 83,129 shares, compared to its average volume of 132,799. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1.37 billion, a P/E ratio of 8.59 and a beta of 0.72. The company's 50-day moving average price is $67.58 and its 200-day moving average price is $70.89. Ingles Markets, Incorporated has a fifty-two week low of $59.73 and a fifty-two week high of $89.59.

Ingles Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 10th were given 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 0.91%. Ingles Markets's dividend payout ratio is presently 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.