Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sells $337,753.62 in Stock

Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sharp Laura Ingle sold 4,799 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $70.38, for a total transaction of $337,753.62. Following the transaction, the director now owns 5,901 shares in the company, valued at approximately $415,312.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sharp Laura Ingle also recently made the following trade(s):

• On Monday, June 10th, Sharp Laura Ingle sold 6,000 shares of Ingles Markets stock. The shares were sold at an average price of $70.25, for a total value of $421,500.00.
• On Thursday, March 28th, Sharp Laura Ingle sold 4,000 shares of Ingles Markets stock. The stock was sold at an average price of $76.25, for a total value of $305,000.00.

Ingles Markets Stock Down 0.1 %

Shares of IMKTA stock opened at $68.40 on Friday. The stock has a market cap of $1.30 billion, a P/E ratio of 7.38 and a beta of 0.67. The company has a current ratio of 3.20, a quick ratio of 1.53 and a debt-to-equity ratio of 0.34. The company has a 50 day simple moving average of $71.90 and a two-hundred day simple moving average of $77.19. Ingles Markets, Incorporated has a 12 month low of $67.10 and a 12 month high of $89.59.

Ingles Markets (NASDAQ:IMKTA) last released its earnings results on Thursday, May 9th. The company reported $1.68 earnings per share (EPS) for the quarter. Ingles Markets had a return on equity of 11.97% and a net margin of 3.00%. The firm had revenue of $1.37 billion during the quarter.

Ingles Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 11th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.96%. Ingles Markets’s dividend payout ratio is 7.12%.

Institutional Trading of Ingles Markets

Hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in Ingles Markets by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 311,124 shares of the company’s stock valued at $26,872,000 after buying an additional 23,854 shares during the period. American Century Companies Inc. grew its stake in shares of Ingles Markets by 9.5% during the third quarter. American Century Companies Inc. now owns 257,857 shares of the company’s stock valued at $19,424,000 after buying an additional 22,400 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Ingles Markets during the 3rd quarter worth approximately $1,382,000. Quadrature Capital Ltd bought a new stake in shares of Ingles Markets during the 4th quarter worth approximately $1,574,000. Finally, Trexquant Investment LP purchased a new stake in Ingles Markets in the third quarter worth $1,357,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

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.