SG Americas Securities LLC Invests $403,000 in Ingles Markets, Incorporated (NASDAQ:IMKTA)

SG Americas Securities LLC acquired a new position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,186 shares of the company's stock, valued at approximately $403,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its stake in Ingles Markets by 4.6% in the fourth quarter. New York State Common Retirement Fund now owns 34,020 shares of the company's stock valued at $2,192,000 after buying an additional 1,500 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Ingles Markets by 22.9% during the fourth quarter. Millennium Management LLC now owns 69,306 shares of the company's stock worth $4,466,000 after acquiring an additional 12,933 shares during the period. Vanguard Group Inc. lifted its position in Ingles Markets by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,234,699 shares of the company's stock valued at $79,564,000 after acquiring an additional 7,541 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Ingles Markets by 10.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,611 shares of the company's stock worth $620,000 after purchasing an additional 936 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Ingles Markets by 6,448.6% in the 1st quarter. GAMMA Investing LLC now owns 11,984 shares of the company's stock worth $7,810,000 after purchasing an additional 11,801 shares during the period. 62.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Ingles Markets Stock Down 0.9%

Shares of IMKTA stock traded down $0.55 during trading on Friday, reaching $62.54. The company's stock had a trading volume of 219,452 shares, compared to its average volume of 123,685. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $82.01. The business has a fifty day moving average price of $61.81 and a 200-day moving average price of $63.33. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 19.18 and a beta of 0.71. The company has a quick ratio of 1.46, a current ratio of 3.19 and a debt-to-equity ratio of 0.32.

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

Ingles Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 10th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $0.66 annualized dividend and a yield of 1.06%. Ingles Markets's payout ratio is presently 20.25%.

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.