Jefferies Financial Group Inc. Takes $291,000 Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Jefferies Financial Group Inc. bought a new position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,523 shares of the company's stock, valued at approximately $291,000.

A number of other large investors also recently modified their holdings of the business. Avidian Wealth Enterprises LLC grew its stake in Ingles Markets by 2.1% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 7,443 shares of the company's stock worth $480,000 after buying an additional 150 shares during the last quarter. Wells Fargo & Company MN boosted its holdings 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 valued at $3,963,000 after acquiring an additional 184 shares during the period. Exchange Traded Concepts LLC grew its position in shares of 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 acquiring an additional 187 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Ingles Markets by 3.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,577 shares of the company's stock worth $424,000 after acquiring an additional 249 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Ingles Markets by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,232 shares of the company's stock worth $530,000 after acquiring an additional 313 shares during the period. 62.54% of the stock is currently owned by institutional investors.

Ingles Markets Trading Down 0.5%

Shares of Ingles Markets stock traded down $0.33 on Wednesday, reaching $60.61. 131,490 shares of the company were exchanged, compared to its average volume of 123,036. Ingles Markets, Incorporated has a fifty-two week low of $58.92 and a fifty-two week high of $82.01. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 14.64 and a beta of 0.71. 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 stock has a fifty day moving average price of $62.44 and a 200-day moving average price of $64.61.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.80 earnings per share (EPS) for the quarter. Ingles Markets had a return on equity of 5.09% and a net margin of 1.45%.

Ingles Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 10th were given a $0.165 dividend. The ex-dividend date was Thursday, April 10th. This represents a $0.66 annualized dividend and a dividend yield of 1.09%. Ingles Markets's dividend payout ratio (DPR) is presently 20.25%.

Wall Street Analyst Weigh In

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 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.