Martingale Asset Management L P Buys 1,323 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Martingale Asset Management L P lifted its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 7.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,885 shares of the company’s stock after buying an additional 1,323 shares during the quarter. Martingale Asset Management L P owned about 0.10% of Ingles Markets worth $1,483,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Ingles Markets by 413.9% in the third quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 327 shares during the last quarter. CWM LLC raised its holdings in shares of Ingles Markets by 240.9% in the second quarter. CWM LLC now owns 433 shares of the company’s stock valued at $30,000 after buying an additional 306 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Ingles Markets in the second quarter valued at about $69,000. Signaturefd LLC increased its position in Ingles Markets by 101.0% in the second quarter. Signaturefd LLC now owns 1,003 shares of the company’s stock worth $69,000 after purchasing an additional 504 shares during the period. Finally, Innealta Capital LLC acquired a new stake in Ingles Markets in the second quarter worth about $74,000. 62.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Ingles Markets from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 21st.

Ingles Markets Price Performance

Shares of IMKTA stock opened at $73.90 on Monday. The stock has a 50-day moving average price of $67.65 and a 200 day moving average price of $70.90. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 8.80 and a beta of 0.72. Ingles Markets, Incorporated has a 12 month low of $59.73 and a 12 month high of $89.59.

Ingles Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 10th were given a $0.165 dividend. The ex-dividend date was Thursday, October 10th. This represents a $0.66 dividend on an annualized basis and a yield of 0.89%. Ingles Markets’s payout ratio is 7.86%.

Ingles Markets 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.