Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 124.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,775 shares of the company's stock after buying an additional 34,798 shares during the quarter. BNP Paribas Financial Markets owned 0.33% of Ingles Markets worth $4,045,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in Ingles Markets during the 4th quarter worth about $30,000. Sterling Capital Management LLC grew its position in Ingles Markets by 811.8% during the 4th quarter. Sterling Capital Management LLC now owns 465 shares of the company's stock worth $30,000 after acquiring an additional 414 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Ingles Markets in the 4th quarter worth approximately $64,000. Tower Research Capital LLC TRC grew its position in shares of Ingles Markets by 296.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,252 shares of the company's stock worth $81,000 after buying an additional 936 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of Ingles Markets in the 4th quarter valued at approximately $96,000. Institutional investors own 62.54% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Ingles Markets from a "hold" rating to a "buy" rating in a research note on Tuesday, May 6th.

Ingles Markets Trading Up 0.2%

IMKTA stock traded up $0.10 during midday trading on Tuesday, reaching $62.08. 2,573 shares of the company traded hands, compared to its average volume of 120,168. Ingles Markets, Incorporated has a 52-week low of $58.92 and a 52-week high of $82.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 3.24. The business has a 50 day moving average of $62.69 and a 200-day moving average of $65.28. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.00 and a beta of 0.73.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.80 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th were given a $0.165 dividend. The ex-dividend date was Thursday, April 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.06%. Ingles Markets's payout ratio is 20.25%.

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.