Graham Capital Management L.P. Takes $752,000 Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Graham Capital Management L.P. purchased a new stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Ingles Markets during the 4th quarter worth about $30,000. Sterling Capital Management LLC grew its stake 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 bought a new stake in shares of Ingles Markets during the fourth quarter valued at approximately $64,000. Tower Research Capital LLC TRC increased its holdings in shares of Ingles Markets by 296.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,252 shares of the company's stock valued at $81,000 after purchasing an additional 936 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Ingles Markets in the 4th quarter worth approximately $96,000. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Ingles Markets Trading Down 0.0%

IMKTA stock traded down $0.01 during midday trading on Tuesday, reaching $61.97. The stock had a trading volume of 5,353 shares, compared to its average volume of 123,314. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 14.97 and a beta of 0.73. Ingles Markets, Incorporated has a twelve month low of $58.92 and a twelve month 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 fifty day simple moving average of $62.69 and a two-hundred day simple moving average of $65.28.

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

Ingles Markets Announces Dividend

The firm also recently announced 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. This represents a $0.66 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Thursday, April 10th. Ingles Markets's dividend payout ratio is presently 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.