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

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC grew its stake in Ingles Markets by 2.1% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 7,443 shares of the company's stock valued at $480,000 after purchasing an additional 150 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Ingles Markets by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 61,502 shares of the company's stock worth $3,963,000 after purchasing an additional 184 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Ingles Markets by 4.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company's stock worth $282,000 after purchasing an additional 187 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Ingles Markets by 3.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,577 shares of the company's stock valued at $424,000 after purchasing an additional 249 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in Ingles Markets by 7.5% during the 4th quarter. Ballentine Partners LLC now owns 4,523 shares of the company's stock worth $291,000 after buying an additional 314 shares in the last quarter. Institutional investors own 62.54% of the company's stock.

Wall Street Analysts Forecast Growth

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

Ingles Markets Trading Up 0.2%

NASDAQ IMKTA traded up $0.09 during mid-day trading on Friday, hitting $59.91. The company's stock had a trading volume of 101,903 shares, compared to its average volume of 121,353. The stock's fifty day simple moving average is $62.60 and its two-hundred day simple moving average is $65.18. Ingles Markets, Incorporated has a 52-week low of $58.92 and a 52-week high of $82.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.24 and a quick ratio of 1.45. The firm has a market capitalization of $1.14 billion, a P/E ratio of 14.47 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 EPS 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 company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Thursday, April 10th. Ingles Markets's dividend payout ratio is 20.25%.

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.