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

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Ingles Markets by 1.9% in the first quarter. Vanguard Group Inc. now owns 1,257,669 shares of the company's stock worth $81,912,000 after buying an additional 22,970 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Ingles Markets by 8.1% in the first quarter. American Century Companies Inc. now owns 514,302 shares of the company's stock worth $33,497,000 after buying an additional 38,408 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ingles Markets by 9.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 497,217 shares of the company's stock worth $32,384,000 after buying an additional 43,659 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Ingles Markets by 0.7% in the first quarter. Royce & Associates LP now owns 409,700 shares of the company's stock worth $26,684,000 after buying an additional 2,700 shares during the last quarter. Finally, Systematic Financial Management LP raised its stake in Ingles Markets by 2.5% during the 4th quarter. Systematic Financial Management LP now owns 201,529 shares of the company's stock worth $12,987,000 after acquiring an additional 4,858 shares during the period. Hedge funds and other institutional investors own 62.54% of the company's stock.

Ingles Markets Price Performance

NASDAQ IMKTA opened at $70.59 on Friday. Ingles Markets, Incorporated has a 12 month low of $58.92 and a 12 month high of $75.63. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 23.77 and a beta of 0.77. The company's 50 day moving average is $65.75 and its two-hundred day moving average is $63.48. 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 released 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 Dividend Announcement

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

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.

Want to see what other hedge funds are holding IMKTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.