Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Acquired by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lifted its position in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 102.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,317 shares of the company's stock after purchasing an additional 27,531 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.29% of Ingles Markets worth $3,500,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new stake in Ingles Markets during the fourth quarter valued at about $30,000. Sterling Capital Management LLC increased its stake in shares of Ingles Markets by 811.8% during the fourth quarter. Sterling Capital Management LLC now owns 465 shares of the company's stock valued at $30,000 after purchasing an additional 414 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Ingles Markets during the fourth quarter valued at approximately $64,000. Tower Research Capital LLC TRC increased its position in shares of Ingles Markets by 296.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,252 shares of the company's stock valued at $81,000 after acquiring an additional 936 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Ingles Markets during the fourth quarter valued at approximately $204,000. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Ingles Markets Trading Down 2.6%

NASDAQ:IMKTA traded down $1.63 during mid-day trading on Wednesday, hitting $60.00. 102,463 shares of the stock traded hands, compared to its average volume of 120,815. The company has a quick ratio of 1.45, a current ratio of 3.24 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 14.49 and a beta of 0.73. The firm's 50 day moving average is $62.65 and its two-hundred day moving average is $65.22. Ingles Markets, Incorporated has a 52 week low of $58.92 and a 52 week high of $82.01.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.80 EPS 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th were paid a dividend of $0.165 per share. The ex-dividend date was Thursday, April 10th. This represents a $0.66 annualized dividend and a dividend yield of 1.10%. Ingles Markets's payout ratio is currently 20.25%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Ingles Markets from a "hold" rating to a "buy" rating in a research note 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.