Systematic Financial Management LP Acquires 4,858 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Systematic Financial Management LP lifted its position in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,529 shares of the company's stock after acquiring an additional 4,858 shares during the quarter. Systematic Financial Management LP owned 1.06% of Ingles Markets worth $12,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of IMKTA. Avidian Wealth Enterprises LLC increased its holdings in shares of Ingles Markets by 2.1% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 7,443 shares of the company's stock worth $480,000 after acquiring an additional 150 shares during the period. Wells Fargo & Company MN raised its position in Ingles Markets by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 61,502 shares of the company's stock valued at $3,963,000 after acquiring an additional 184 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Ingles Markets by 4.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company's stock valued at $282,000 after acquiring an additional 187 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in Ingles Markets by 3.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,577 shares of the company's stock valued at $424,000 after acquiring an additional 249 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ingles Markets by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,232 shares of the company's stock valued at $530,000 after purchasing an additional 313 shares during the last quarter. 62.54% of the stock is owned by institutional investors and hedge funds.

Ingles Markets Stock Performance

IMKTA traded down $0.35 during trading on Tuesday, reaching $61.63. 90,688 shares of the company's stock were exchanged, compared to its average volume of 120,684. Ingles Markets, Incorporated has a fifty-two week low of $58.92 and a fifty-two week high of $82.01. The company has a quick ratio of 1.45, a current ratio of 3.24 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average price of $62.69 and a 200 day moving average price of $65.28. The company has a market capitalization of $1.17 billion, a P/E ratio of 14.89 and a beta of 0.73.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.80 earnings per share (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 business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th were issued a dividend of $0.165 per share. The ex-dividend date was Thursday, April 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.07%. Ingles Markets's payout ratio is presently 20.25%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Ingles Markets from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.

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.