Ingles Markets, Incorporated (NASDAQ:IMKTA) Stock Holdings Lifted by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,399 shares of the company’s stock after acquiring an additional 1,220 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Ingles Markets were worth $541,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its position in Ingles Markets by 413.9% during the third quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 327 shares in the last quarter. CWM LLC boosted its holdings in shares of Ingles Markets by 75.5% during the 3rd quarter. CWM LLC now owns 760 shares of the company’s stock worth $57,000 after buying an additional 327 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Ingles Markets during the 2nd quarter worth $69,000. FNY Investment Advisers LLC acquired a new position in Ingles Markets during the 4th quarter valued at $96,000. Finally, Caprock Group LLC acquired a new position in shares of Ingles Markets in the 3rd quarter valued at $203,000. 62.54% of the stock is owned by hedge funds and other institutional investors.

Ingles Markets Stock Performance

Shares of NASDAQ:IMKTA opened at $65.63 on Monday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 11.83 and a beta of 0.76. The firm’s 50 day simple moving average is $67.47 and its 200 day simple moving average is $69.68. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.89 and a quick ratio of 1.45. Ingles Markets, Incorporated has a fifty-two week low of $59.73 and a fifty-two week high of $85.87.

Ingles Markets (NASDAQ:IMKTA) last announced its earnings results on Friday, December 27th. The company reported ($0.08) EPS for the quarter. Ingles Markets had a return on equity of 6.90% and a net margin of 1.87%.

Ingles Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were issued a $0.165 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.01%. Ingles Markets’s dividend payout ratio (DPR) is presently 11.89%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Ingles Markets from a “hold” rating to a “buy” rating in a research note on Monday, December 30th.

About Ingles Markets

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.