Virtu Financial LLC Takes $318,000 Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Virtu Financial LLC bought a new position in Ingles Markets, Incorporated (NASDAQ:IMKTA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,262 shares of the company’s stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IMKTA. River Road Asset Management LLC increased its position in shares of Ingles Markets by 7.1% in the third quarter. River Road Asset Management LLC now owns 971,026 shares of the company’s stock worth $72,439,000 after acquiring an additional 64,296 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Ingles Markets by 8.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,558 shares of the company’s stock worth $30,255,000 after purchasing an additional 31,027 shares during the period. Geode Capital Management LLC increased its holdings in Ingles Markets by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 399,190 shares of the company’s stock valued at $29,785,000 after purchasing an additional 14,264 shares in the last quarter. Gabelli Funds LLC increased its holdings in Ingles Markets by 0.3% in the 2nd quarter. Gabelli Funds LLC now owns 376,100 shares of the company’s stock valued at $25,804,000 after purchasing an additional 1,000 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Ingles Markets by 9.5% in the second quarter. American Century Companies Inc. now owns 369,184 shares of the company’s stock valued at $25,330,000 after purchasing an additional 32,013 shares during the period. Institutional investors and hedge funds own 62.54% of the company’s stock.

Ingles Markets Trading Down 1.5 %

IMKTA opened at $68.18 on Tuesday. The firm’s 50 day moving average is $67.80 and its 200-day moving average is $70.70. Ingles Markets, Incorporated has a 52-week low of $59.73 and a 52-week high of $89.59. 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 capitalization of $1.30 billion, a P/E ratio of 8.12 and a beta of 0.74.

Ingles Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 10th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, October 10th. Ingles Markets’s dividend payout ratio (DPR) is 7.86%.

Analyst Ratings Changes

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

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.