43,324 Shares in Ingles Markets, Incorporated (NASDAQ:IMKTA) Purchased by DC Investments Management LLC

DC Investments Management LLC purchased a new position in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 43,324 shares of the company's stock, valued at approximately $2,792,000. Ingles Markets makes up 1.8% of DC Investments Management LLC's portfolio, making the stock its 13th largest position. DC Investments Management LLC owned approximately 0.23% of Ingles Markets as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IMKTA. Meeder Asset Management Inc. purchased a new position in Ingles Markets in the fourth quarter worth $30,000. Sterling Capital Management LLC raised its holdings in shares of Ingles Markets by 811.8% in the fourth quarter. Sterling Capital Management LLC now owns 465 shares of the company's stock worth $30,000 after buying an additional 414 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Ingles Markets during the fourth quarter worth $64,000. Tower Research Capital LLC TRC raised its stake in 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 acquiring an additional 936 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Ingles Markets during the 4th quarter worth about $96,000. 62.54% of the stock is owned by institutional investors.

Ingles Markets Price Performance

Ingles Markets stock traded down $1.63 during trading on Tuesday, reaching $61.18. The company had a trading volume of 42,456 shares, compared to its average volume of 119,492. The firm has a market capitalization of $1.16 billion, a PE ratio of 14.78 and a beta of 0.73. The firm's 50-day simple moving average is $62.72 and its 200 day simple moving average is $65.33. 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.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.80 earnings per share for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Ingles Markets Dividend Announcement

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 1.08%. The ex-dividend date of this dividend was Thursday, April 10th. Ingles Markets's payout ratio is 20.25%.

Analysts Set New Price Targets

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

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.