Universal Beteiligungs und Servicegesellschaft mbH Invests $5.89 Million in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 91,348 shares of the company's stock, valued at approximately $5,886,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.48% of Ingles Markets as of its most recent filing with the Securities & Exchange Commission.

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

Ingles Markets Stock Performance

NASDAQ:IMKTA traded down $0.33 during mid-day trading on Wednesday, hitting $60.61. The stock had a trading volume of 131,490 shares, compared to its average volume of 123,036. Ingles Markets, Incorporated has a 52 week low of $58.92 and a 52 week high of $82.01. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 14.64 and a beta of 0.71. The company has a 50 day simple moving average of $62.44 and a 200-day simple moving average of $64.61.

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 Dividend Announcement

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 1.09%. The ex-dividend date of this dividend was Thursday, April 10th. Ingles Markets's dividend payout ratio (DPR) is 20.25%.

Wall Street Analyst Weigh In

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 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.