Dark Forest Capital Management LP Takes Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Dark Forest Capital Management LP purchased a new stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,837 shares of the company's stock, valued at approximately $441,000.

Several other hedge funds have also bought and sold shares of IMKTA. Tower Research Capital LLC TRC grew its position in shares of Ingles Markets by 296.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,252 shares of the company's stock valued at $81,000 after acquiring an additional 936 shares during the period. MetLife Investment Management LLC boosted its position in Ingles Markets by 6.1% during the fourth quarter. MetLife Investment Management LLC now owns 8,884 shares of the company's stock worth $572,000 after purchasing an additional 512 shares in the last quarter. First Trust Advisors LP grew its holdings in Ingles Markets by 2.1% in the fourth quarter. First Trust Advisors LP now owns 58,187 shares of the company's stock valued at $3,750,000 after purchasing an additional 1,223 shares during the period. Keeley Teton Advisors LLC increased its position in shares of Ingles Markets by 3.4% in the fourth quarter. Keeley Teton Advisors LLC now owns 39,911 shares of the company's stock valued at $2,572,000 after buying an additional 1,307 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new position in shares of Ingles Markets during the 4th quarter worth approximately $64,000. Hedge funds and other institutional investors own 62.54% of the company's stock.

Ingles Markets Price Performance

Shares of IMKTA traded up $0.65 during mid-day trading on Friday, hitting $62.57. 27,043 shares of the company were exchanged, compared to its average volume of 118,516. 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 1-year low of $58.92 and a 1-year high of $82.01. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 15.16 and a beta of 0.75. The company has a 50 day moving average of $62.66 and a 200-day moving average of $65.33.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last released 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 firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Thursday, April 10th. Ingles Markets's payout ratio is 15.94%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Ingles Markets from a "hold" rating to a "buy" rating in a research note on Friday, April 25th.

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.