SG Americas Securities LLC Takes Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

SG Americas Securities LLC acquired a new stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,186 shares of the company's stock, valued at approximately $403,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Ingles Markets during the 4th quarter worth approximately $30,000. Sterling Capital Management LLC grew its position in Ingles Markets by 811.8% in the fourth quarter. Sterling Capital Management LLC now owns 465 shares of the company's stock valued at $30,000 after acquiring an additional 414 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in Ingles Markets in the fourth quarter valued at approximately $64,000. Tower Research Capital LLC TRC grew its position in Ingles Markets by 296.2% in the fourth 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 in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Ingles Markets in the fourth quarter valued at approximately $204,000. Institutional investors and hedge funds own 62.54% of the company's stock.

Analysts Set New Price Targets

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

Ingles Markets Stock Performance

Shares of IMKTA opened at $63.52 on Wednesday. The business's fifty day moving average price is $61.76 and its 200 day moving average price is $63.49. Ingles Markets, Incorporated has a 12-month low of $58.92 and a 12-month high of $82.01. The stock has a market capitalization of $1.21 billion, a PE ratio of 19.48 and a beta of 0.71. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.19 and a quick ratio of 1.46.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.80 earnings per share for the quarter. Ingles Markets had a return on equity of 3.98% and a net margin of 1.14%.

Ingles Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, April 10th. Ingles Markets's dividend payout ratio (DPR) 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.

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