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

Several other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ingles Markets by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,617 shares of the company's stock worth $561,000 after purchasing an additional 385 shares in the last quarter. Royal Bank of Canada boosted its stake in Ingles Markets by 15.4% in the 1st quarter. Royal Bank of Canada now owns 19,083 shares of the company's stock valued at $1,243,000 after buying an additional 2,544 shares in the last quarter. Graham Capital Management L.P. boosted its stake in Ingles Markets by 22.8% in the 1st quarter. Graham Capital Management L.P. now owns 14,320 shares of the company's stock valued at $933,000 after buying an additional 2,655 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Ingles Markets in the 1st quarter valued at $354,000. Finally, Landscape Capital Management L.L.C. boosted its stake in Ingles Markets by 101.8% in the 1st quarter. Landscape Capital Management L.L.C. now owns 15,277 shares of the company's stock valued at $995,000 after buying an additional 7,706 shares in the last quarter. Institutional investors and hedge funds own 62.54% of the company's stock.

Ingles Markets Trading Down 0.7%

NASDAQ IMKTA traded down $0.47 on Friday, reaching $69.28. The company had a trading volume of 68,457 shares, compared to its average volume of 105,672. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 23.33 and a beta of 0.77. The stock's 50 day moving average is $66.09 and its 200-day moving average is $63.65. The company has a quick ratio of 1.53, a current ratio of 3.14 and a debt-to-equity ratio of 0.32. Ingles Markets, Incorporated has a 52 week low of $58.92 and a 52 week high of $75.63.

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

Ingles Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, July 10th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $0.66 annualized dividend and a dividend yield of 1.0%. Ingles Markets's payout ratio is 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.