Caxton Associates LLP Invests $1.14 Million in Ingles Markets, Incorporated $IMKTA

Key Points

• Caxton Associates LLP has acquired a new stake in Ingles Markets, purchasing 17,494 shares valued at approximately $1,139,000, making up 0.09% of the company's stock.
• Ingles Markets recently declared a quarterly dividend of $0.165 per share, with a yield of 1.0% and a payout ratio of 22.22%.
• The company's stock performance shows a market capitalization of $1.31 billion, with a PE ratio of 23.22 and a 12-month price range between $58.92 and $75.63.

Caxton Associates LLP acquired a new stake in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,494 shares of the company's stock, valued at approximately $1,139,000. Caxton Associates LLP owned about 0.09% of Ingles Markets as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Summer Road LLC raised its position in shares of Ingles Markets by 125.0% in the 1st quarter. Summer Road LLC now owns 1,800 shares of the company's stock valued at $115,000 after purchasing an additional 1,000 shares during the last quarter. DMC Group LLC purchased a new position in shares of Ingles Markets in the 1st quarter valued at approximately $239,000. Cetera Investment Advisers purchased a new position in shares of Ingles Markets in the 1st quarter valued at approximately $242,000. Wealth Enhancement Advisory Services LLC acquired a new position in Ingles Markets during the fourth quarter valued at $248,000. Finally, ProShare Advisors LLC lifted its position in Ingles Markets by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 4,081 shares of the company's stock valued at $263,000 after purchasing an additional 1,343 shares during the period. 62.54% of the stock is owned by hedge funds and other institutional investors.

Ingles Markets Stock Performance

NASDAQ IMKTA traded down $0.58 on Monday, reaching $68.70. 14,751 shares of the company's stock traded hands, compared to its average volume of 120,990. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 23.11 and a beta of 0.77. The stock has a 50 day moving average price of $66.09 and a 200-day moving average price of $63.66. Ingles Markets, Incorporated has a fifty-two week low of $58.92 and a fifty-two week high of $75.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 3.14.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.38 earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 1.05% and a return on equity of 3.60%.

Ingles Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 10th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.0%. Ingles Markets's dividend payout ratio (DPR) is presently 22.22%.

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.