Janus Henderson Group PLC Acquires 180,092 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Janus Henderson Group PLC raised its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) by 1,228.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,756 shares of the company's stock after acquiring an additional 180,092 shares during the period. Janus Henderson Group PLC owned approximately 1.03% of Ingles Markets worth $12,550,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IMKTA. Jefferies Financial Group Inc. acquired a new position in Ingles Markets during the 4th quarter valued at $291,000. Graham Capital Management L.P. bought a new position in shares of Ingles Markets during the 4th quarter worth about $752,000. D. E. Shaw & Co. Inc. raised its position in shares of Ingles Markets by 102.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 54,317 shares of the company's stock valued at $3,500,000 after buying an additional 27,531 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Ingles Markets by 14.3% in the fourth quarter. Deutsche Bank AG now owns 33,870 shares of the company's stock valued at $2,183,000 after buying an additional 4,248 shares during the period. Finally, DC Investments Management LLC acquired a new stake in Ingles Markets during the fourth quarter worth about $2,792,000. 62.54% of the stock is currently owned by institutional investors.

Ingles Markets Trading Down 2.4%

Shares of IMKTA traded down $1.46 on Wednesday, reaching $60.17. 59,851 shares of the company's stock were exchanged, compared to its average volume of 120,469. Ingles Markets, Incorporated has a 12 month low of $58.92 and a 12 month high of $82.01. The stock has a market capitalization of $1.14 billion, a P/E ratio of 14.56 and a beta of 0.73. 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 business has a 50 day moving average price of $62.69 and a two-hundred day moving average price of $65.28.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.80 earnings per share 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 business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Thursday, April 10th. Ingles Markets's dividend payout ratio (DPR) is presently 20.25%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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.