Ingles Markets, Incorporated (NASDAQ:IMKTA) Stock Position Raised by FCA Corp TX

FCA Corp TX lifted its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,275 shares of the company’s stock after acquiring an additional 670 shares during the quarter. FCA Corp TX owned 0.30% of Ingles Markets worth $3,691,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. FNY Investment Advisers LLC purchased a new stake in shares of Ingles Markets during the fourth quarter worth $96,000. Caprock Group LLC purchased a new stake in shares of Ingles Markets during the third quarter worth $203,000. Captrust Financial Advisors purchased a new stake in shares of Ingles Markets during the third quarter worth $206,000. Intech Investment Management LLC purchased a new stake in shares of Ingles Markets during the third quarter worth $266,000. Finally, Exchange Traded Concepts LLC raised its holdings in Ingles Markets by 4.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company’s stock valued at $282,000 after buying an additional 187 shares in the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.

Ingles Markets Stock Down 2.2 %

NASDAQ IMKTA opened at $61.60 on Friday. The firm has a market cap of $1.17 billion, a PE ratio of 14.88 and a beta of 0.71. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $82.01. The stock’s 50 day simple moving average is $63.95 and its 200 day simple moving average is $66.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.24 and a quick ratio of 1.45.

Ingles Markets (NASDAQ:IMKTA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.87 earnings per share (EPS) 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 company 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. This represents a $0.66 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets’s dividend payout ratio is 15.94%.

Wall Street Analysts Forecast Growth

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

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.