Susquehanna Fundamental Investments LLC Purchases New Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,246 shares of the company's stock, valued at approximately $1,434,000. Susquehanna Fundamental Investments LLC owned about 0.12% of Ingles Markets at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of IMKTA. Barclays PLC grew its position in shares of Ingles Markets by 346.2% during the 3rd quarter. Barclays PLC now owns 23,689 shares of the company's stock worth $1,768,000 after buying an additional 18,380 shares in the last quarter. Franklin Resources Inc. boosted its position in Ingles Markets by 5.8% during the third quarter. Franklin Resources Inc. now owns 6,933 shares of the company's stock valued at $517,000 after purchasing an additional 378 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Ingles Markets by 49.7% during the third quarter. JPMorgan Chase & Co. now owns 54,652 shares of the company's stock valued at $4,077,000 after acquiring an additional 18,141 shares during the last quarter. Polaris Capital Management LLC boosted its position in shares of Ingles Markets by 24.7% in the 4th quarter. Polaris Capital Management LLC now owns 32,800 shares of the company's stock worth $2,114,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Ingles Markets by 13.1% during the 4th quarter. Empowered Funds LLC now owns 104,366 shares of the company's stock worth $6,725,000 after purchasing an additional 12,084 shares during the last quarter. 62.54% of the stock is owned by hedge funds and other institutional investors.

Ingles Markets Stock Down 0.3 %

Shares of Ingles Markets stock traded down $0.19 during trading hours on Tuesday, hitting $63.37. The company had a trading volume of 11,172 shares, compared to its average volume of 118,724. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.24 and a quick ratio of 1.45. The company has a market cap of $1.20 billion, a P/E ratio of 15.29 and a beta of 0.73. The company's 50-day moving average is $62.62 and its two-hundred day moving average is $65.36. Ingles Markets, Incorporated has a twelve month low of $58.92 and a twelve month high of $82.01.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.87 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. Investors of record on Thursday, April 10th were paid a $0.165 dividend. The ex-dividend date was Thursday, April 10th. This represents a $0.66 annualized dividend and a yield of 1.04%. Ingles Markets's payout ratio is currently 15.94%.

Analyst Ratings Changes

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

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.