XTX Topco Ltd Takes $357,000 Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Key Points

• XTX Topco Ltd has acquired a new stake in Ingles Markets, purchasing 5,489 shares valued at approximately $357,000 during the first quarter.
• Ingles Markets recently reported a $1.38 earnings per share (EPS) for the quarter, reflecting a return on equity of 3.62% and a net margin of 1.05%.
• A quarterly dividend of $0.165 per share was recently paid, with a dividend yield of 1.1% and a current payout ratio of 20.25%.

XTX Topco Ltd purchased 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 filing with the SEC. The fund purchased 5,489 shares of the company's stock, valued at approximately $357,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its position 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 in the last quarter. Anchor Investment Management LLC purchased a new stake in Ingles Markets in the 4th quarter valued at about $64,000. Tower Research Capital LLC TRC lifted its position in shares of 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 buying an additional 936 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in shares of Ingles Markets in the 4th quarter worth approximately $210,000. Finally, DMC Group LLC purchased a new position in shares of Ingles Markets in the 1st quarter worth approximately $239,000. 62.54% of the stock is owned by institutional investors.

Ingles Markets Trading Down 2.6%

Shares of Ingles Markets stock traded down $1.67 on Thursday, hitting $63.12. The stock had a trading volume of 41,061 shares, compared to its average volume of 122,536. The stock's 50-day simple moving average is $63.82 and its two-hundred day simple moving average is $63.32. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $75.63. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 21.43 and a beta of 0.74. The company has a quick ratio of 1.53, a current ratio of 3.14 and a debt-to-equity ratio of 0.32.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.38 EPS for the quarter. Ingles Markets had a net margin of 1.05% and a return on equity of 3.60%.

Ingles Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, July 10th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, July 10th. Ingles Markets's dividend payout ratio is currently 22.22%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Ingles Markets from a "hold" rating to a "buy" rating in a research report 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.