4,523 Shares in Ingles Markets, Incorporated (NASDAQ:IMKTA) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,523 shares of the company's stock, valued at approximately $291,000.

Other hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in shares of Ingles Markets during the 4th quarter worth $30,000. Sterling Capital Management LLC lifted its stake in shares of Ingles Markets by 811.8% during the 4th quarter. Sterling Capital Management LLC now owns 465 shares of the company's stock worth $30,000 after purchasing an additional 414 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Ingles Markets during the 4th quarter worth $64,000. Tower Research Capital LLC TRC lifted its stake in shares of Ingles Markets by 296.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,252 shares of the company's stock worth $81,000 after purchasing an additional 936 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Ingles Markets during the 4th quarter worth $204,000. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Ingles Markets Stock Down 2.6%

Shares of NASDAQ IMKTA traded down $1.63 during mid-day trading on Wednesday, reaching $60.00. 102,463 shares of the company were exchanged, compared to its average volume of 120,611. 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 cap of $1.14 billion, a price-to-earnings ratio of 14.49 and a beta of 0.73. Ingles Markets, Incorporated has a 1 year low of $58.92 and a 1 year high of $82.01. The firm has a 50-day moving average of $62.65 and a 200 day moving average of $65.22.

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 return on equity of 5.09% and a net margin of 1.45%.

Ingles Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, April 10th. Ingles Markets's dividend payout ratio (DPR) is presently 20.25%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Ingles Markets from a "hold" rating to a "buy" rating in a research note on Tuesday, May 6th.

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.