32,800 Shares in Ingles Markets, Incorporated (NASDAQ:IMKTA) Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC acquired a new position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,800 shares of the company's stock, valued at approximately $2,137,000. Allspring Global Investments Holdings LLC owned 0.17% of Ingles Markets as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in shares of Ingles Markets by 1.6% in the first quarter. Janney Montgomery Scott LLC now owns 17,729 shares of the company's stock valued at $1,155,000 after purchasing an additional 286 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Ingles Markets by 6.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,087 shares of the company's stock valued at $266,000 after purchasing an additional 232 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Ingles Markets in the first quarter valued at approximately $403,000. GAMMA Investing LLC increased its stake in shares of Ingles Markets by 6,448.6% in the first quarter. GAMMA Investing LLC now owns 11,984 shares of the company's stock valued at $7,810,000 after purchasing an additional 11,801 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ingles Markets in the fourth quarter valued at approximately $5,886,000. Institutional investors and hedge funds own 62.54% of the company's stock.

Wall Street Analysts Forecast Growth

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

Ingles Markets Price Performance

Shares of NASDAQ IMKTA traded down $0.46 during mid-day trading on Friday, hitting $66.57. 77,737 shares of the stock were exchanged, compared to its average volume of 124,157. The company has a market cap of $1.26 billion, a P/E ratio of 20.42 and a beta of 0.71. The stock's fifty day simple moving average is $62.52 and its two-hundred day simple moving average is $63.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.46 and a current ratio of 3.19. Ingles Markets, Incorporated has a twelve month low of $58.92 and a twelve month high of $82.01.

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 net margin of 1.14% and a return on equity of 3.98%.

Ingles Markets Dividend Announcement

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

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.