Graham Capital Management L.P. Buys Shares of 11,665 Ingles Markets, Incorporated (NASDAQ:IMKTA)

Graham Capital Management L.P. bought a new stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,665 shares of the company's stock, valued at approximately $752,000. Graham Capital Management L.P. owned about 0.06% of Ingles Markets at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Avidian Wealth Enterprises LLC raised its stake in shares of Ingles Markets by 2.1% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 7,443 shares of the company's stock worth $480,000 after acquiring an additional 150 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Ingles Markets by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 61,502 shares of the company's stock worth $3,963,000 after acquiring an additional 184 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Ingles Markets by 4.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company's stock worth $282,000 after acquiring an additional 187 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Ingles Markets by 3.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,577 shares of the company's stock worth $424,000 after acquiring an additional 249 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Ingles Markets by 7.5% during the fourth quarter. Ballentine Partners LLC now owns 4,523 shares of the company's stock worth $291,000 after acquiring an additional 314 shares in the last quarter. 62.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Ingles Markets from a "hold" rating to a "buy" rating in a research note on Tuesday, May 6th.

Ingles Markets Stock Up 0.2%

Shares of NASDAQ IMKTA opened at $61.80 on Thursday. The company has a quick ratio of 1.45, a current ratio of 3.24 and a debt-to-equity ratio of 0.33. Ingles Markets, Incorporated has a 52 week low of $58.92 and a 52 week high of $82.01. The firm's fifty day moving average is $62.72 and its 200 day moving average is $65.30. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 14.93 and a beta of 0.73.

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

Ingles Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 10th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.07%. The ex-dividend date was Thursday, April 10th. Ingles Markets's dividend payout ratio (DPR) is currently 20.25%.

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.

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