Semanteon Capital Management LP Purchases Shares of 14,029 Ingles Markets, Incorporated (NASDAQ:IMKTA)

Semanteon Capital Management LP acquired a new stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,029 shares of the company’s stock, valued at approximately $904,000. Semanteon Capital Management LP owned 0.07% of Ingles Markets as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brandes Investment Partners LP raised its holdings in Ingles Markets by 42.4% in the fourth quarter. Brandes Investment Partners LP now owns 533,982 shares of the company’s stock valued at $34,410,000 after buying an additional 159,097 shares during the period. Raymond James Financial Inc. purchased a new position in Ingles Markets in the fourth quarter valued at about $3,559,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Ingles Markets by 11.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 453,558 shares of the company’s stock worth $29,227,000 after purchasing an additional 48,000 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Ingles Markets by 62.4% during the fourth quarter. Teacher Retirement System of Texas now owns 119,748 shares of the company’s stock worth $7,717,000 after purchasing an additional 46,025 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Ingles Markets by 346.2% in the third quarter. Barclays PLC now owns 23,689 shares of the company’s stock worth $1,768,000 after buying an additional 18,380 shares during the period. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Ingles Markets from a “buy” rating to a “hold” rating in a research report on Monday, February 10th.

Ingles Markets Price Performance

Shares of IMKTA stock opened at $63.01 on Friday. Ingles Markets, Incorporated has a twelve month low of $58.92 and a twelve month high of $82.01. The company has a market capitalization of $1.20 billion, a PE ratio of 15.22 and a beta of 0.71. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $63.97 and a 200-day simple moving average of $66.83.

Ingles Markets (NASDAQ:IMKTA) last announced its earnings results on Thursday, February 6th. The company reported $0.87 earnings per share for the quarter. Ingles Markets had a return on equity of 5.09% and a net margin of 1.45%.

Ingles Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.66 annualized dividend and a yield of 1.05%. Ingles Markets’s dividend payout ratio is presently 15.94%.

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.