Nomura Holdings Inc. Acquires New Stake in Ingles Markets, Incorporated $IMKTA

Key Points

• Nomura Holdings Inc. acquired a new stake in Ingles Markets, purchasing 5,439 shares valued at approximately $354,000 in the first quarter.
• Other institutional investors, including Vanguard Group Inc. and Charles Schwab Investment Management Inc., also increased their holdings in Ingles Markets during the same period.
• Ingles Markets announced a quarterly dividend of $0.165 per share, contributing to an annualized dividend yield of 0.9%.

Nomura Holdings Inc. bought a new stake in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,439 shares of the company's stock, valued at approximately $354,000.

A number of other institutional investors have also modified their holdings of IMKTA. Tower Research Capital LLC TRC increased its holdings in shares of Ingles Markets by 296.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,252 shares of the company's stock valued at $81,000 after acquiring an additional 936 shares during the period. Summer Road LLC increased its holdings in shares of Ingles Markets by 125.0% in the 1st quarter. Summer Road LLC now owns 1,800 shares of the company's stock valued at $115,000 after acquiring an additional 1,000 shares during the period. DMC Group LLC acquired a new position in shares of Ingles Markets in the 1st quarter valued at $239,000. Cetera Investment Advisers acquired a new position in shares of Ingles Markets in the 1st quarter valued at $242,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Ingles Markets in the 4th quarter valued at $248,000. 62.54% of the stock is owned by institutional investors and hedge funds.

Ingles Markets Stock Performance

Shares of Ingles Markets stock traded up $1.80 during trading on Thursday, reaching $69.75. The company's stock had a trading volume of 85,393 shares, compared to its average volume of 108,693. The company has a 50-day moving average price of $66.03 and a two-hundred day moving average price of $63.62. The firm has a market cap of $1.32 billion, a PE ratio of 23.48 and a beta of 0.77. Ingles Markets, Incorporated has a fifty-two week low of $58.92 and a fifty-two week high of $75.63. The company has a current ratio of 3.14, a quick ratio of 1.53 and a debt-to-equity ratio of 0.32.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.38 EPS for the quarter. Ingles Markets had a net margin of 1.05% and a return on equity of 3.60%.

Ingles Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, July 10th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, July 10th. Ingles Markets's dividend payout ratio (DPR) is 22.22%.

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.