Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 32.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 49,600 shares of the company's stock after selling 23,700 shares during the quarter. Two Sigma Advisers LP owned 0.26% of Ingles Markets worth $3,196,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Polaris Capital Management LLC boosted its stake in shares of Ingles Markets by 24.7% during the 4th quarter. Polaris Capital Management LLC now owns 32,800 shares of the company's stock worth $2,114,000 after acquiring an additional 6,500 shares in the last quarter. Empowered Funds LLC raised its position in shares of Ingles Markets by 13.1% during the 4th quarter. Empowered Funds LLC now owns 104,366 shares of the company's stock worth $6,725,000 after purchasing an additional 12,084 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Ingles Markets by 4.6% during the 4th quarter. New York State Common Retirement Fund now owns 34,020 shares of the company's stock worth $2,192,000 after purchasing an additional 1,500 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Ingles Markets by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,234,699 shares of the company's stock worth $79,564,000 after purchasing an additional 7,541 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Ingles Markets by 10.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,611 shares of the company's stock worth $620,000 after purchasing an additional 936 shares during the last quarter. 62.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Ingles Markets Price Performance

Shares of IMKTA traded down $0.32 during mid-day trading on Friday, hitting $62.79. 163,256 shares of the company were exchanged, compared to its average volume of 122,748. Ingles Markets, Incorporated has a 1-year low of $58.92 and a 1-year high of $82.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 3.24. The company has a 50 day moving average of $62.54 and a 200-day moving average of $64.75. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 15.17 and a beta of 0.73.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last released 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 1.45% and a return on equity of 5.09%.

Ingles Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th were issued a $0.165 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $0.66 dividend on an annualized basis and a yield of 1.05%. Ingles Markets's payout ratio is 20.25%.

Ingles Markets 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.