Two Sigma Investments LP Has $1.98 Million Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Two Sigma Investments LP cut its position in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 57.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,671 shares of the company's stock after selling 41,681 shares during the period. Two Sigma Investments LP owned 0.16% of Ingles Markets worth $1,976,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in shares of Ingles Markets during the fourth quarter valued at approximately $30,000. Sterling Capital Management LLC grew 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 during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Ingles Markets during the fourth quarter valued at approximately $64,000. Tower Research Capital LLC TRC grew its stake 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 purchasing an additional 936 shares during 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 institutional investors and hedge funds.

Analysts Set New Price Targets

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

Ingles Markets Price Performance

Shares of IMKTA traded down $0.14 during mid-day trading on Thursday, hitting $60.47. 107,064 shares of the company traded hands, compared to its average volume of 123,224. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $82.01. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average of $62.28 and a 200 day moving average of $64.52. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 14.61 and a beta of 0.71.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last released its quarterly 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 10th were issued a $0.165 dividend. The ex-dividend date was Thursday, April 10th. This represents a $0.66 annualized dividend and a yield of 1.09%. Ingles Markets's dividend payout ratio is currently 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.