Allspring Global Investments Holdings LLC Makes New $2.14 Million Investment in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Allspring Global Investments Holdings LLC bought a new position in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 32,800 shares of the company's stock, valued at approximately $2,137,000. Allspring Global Investments Holdings LLC owned about 0.17% of Ingles Markets as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of IMKTA. Janney Montgomery Scott LLC lifted its stake in shares of Ingles Markets by 1.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,729 shares of the company's stock worth $1,155,000 after purchasing an additional 286 shares during the period. Millennium Management LLC increased its holdings in Ingles Markets by 22.9% in the 4th quarter. Millennium Management LLC now owns 69,306 shares of the company's stock worth $4,466,000 after acquiring an additional 12,933 shares in the last quarter. GAMMA Investing LLC increased its holdings in Ingles Markets by 6,448.6% in the 1st quarter. GAMMA Investing LLC now owns 11,984 shares of the company's stock worth $7,810,000 after acquiring an additional 11,801 shares in the last quarter. Vanguard Group Inc. increased its holdings in Ingles Markets by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,234,699 shares of the company's stock worth $79,564,000 after acquiring an additional 7,541 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Ingles Markets by 10.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,611 shares of the company's stock worth $620,000 after acquiring an additional 936 shares in the last quarter. Hedge funds and other institutional investors own 62.54% of the company's stock.

Ingles Markets Price Performance

Shares of NASDAQ IMKTA opened at $66.59 on Tuesday. The business's 50 day moving average price is $62.17 and its 200 day moving average price is $63.20. The firm has a market cap of $1.26 billion, a P/E ratio of 20.43 and a beta of 0.71. Ingles Markets, Incorporated has a 52 week low of $58.92 and a 52 week high of $82.01. The company has a quick ratio of 1.46, a current ratio of 3.19 and a debt-to-equity ratio of 0.32.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.80 EPS for the quarter. Ingles Markets had a return on equity of 3.98% and a net margin of 1.14%.

Ingles Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Thursday, July 10th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Thursday, July 10th. Ingles Markets's payout ratio is 20.25%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Ingles Markets from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.

Ingles Markets Company 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.

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