Systematic Financial Management LP Has $12.99 Million Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Systematic Financial Management LP increased its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 201,529 shares of the company's stock after acquiring an additional 4,858 shares during the quarter. Systematic Financial Management LP owned approximately 1.06% of Ingles Markets worth $12,987,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in Ingles Markets in the 4th quarter valued at about $30,000. Sterling Capital Management LLC grew its holdings in Ingles Markets by 811.8% in the 4th quarter. Sterling Capital Management LLC now owns 465 shares of the company's stock worth $30,000 after buying an additional 414 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in Ingles Markets in the 4th quarter valued at approximately $64,000. Tower Research Capital LLC TRC boosted its position in Ingles Markets by 296.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,252 shares of the company's stock worth $81,000 after acquiring an additional 936 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in Ingles Markets in the fourth quarter worth about $204,000. Institutional investors own 62.54% of the company's stock.

Analysts Set New Price Targets

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

Ingles Markets Price Performance

Shares of NASDAQ IMKTA traded up $0.06 during trading on Friday, hitting $59.88. The company had a trading volume of 26,257 shares, compared to its average volume of 120,837. The company has a market cap of $1.14 billion, a P/E ratio of 14.46 and a beta of 0.73. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 3.24. The business's 50-day moving average is $62.60 and its 200 day moving average is $65.18. Ingles Markets, Incorporated has a 52 week low of $58.91 and a 52 week high of $82.01.

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

Ingles Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 10th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, April 10th. Ingles Markets's dividend payout ratio is currently 20.25%.

About Ingles Markets

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.