EntryPoint Capital LLC Invests $204,000 in Ingles Markets, Incorporated (NASDAQ:IMKTA)

EntryPoint Capital LLC bought a new position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 3,162 shares of the company’s stock, valued at approximately $204,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Systematic Financial Management LP boosted its stake in Ingles Markets by 8.3% in the third quarter. Systematic Financial Management LP now owns 196,671 shares of the company’s stock worth $14,672,000 after purchasing an additional 15,107 shares in the last quarter. Barclays PLC lifted its position in Ingles Markets by 346.2% during the 3rd quarter. Barclays PLC now owns 23,689 shares of the company’s stock worth $1,768,000 after buying an additional 18,380 shares in the last quarter. Franklin Resources Inc. grew its holdings in Ingles Markets by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,933 shares of the company’s stock worth $517,000 after acquiring an additional 378 shares during the last quarter. JPMorgan Chase & Co. increased its position in Ingles Markets by 49.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 54,652 shares of the company’s stock valued at $4,077,000 after acquiring an additional 18,141 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Ingles Markets by 8.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 405,558 shares of the company’s stock worth $30,255,000 after acquiring an additional 31,027 shares during the last quarter. 62.54% of the stock is owned by institutional investors.

Ingles Markets Trading Down 1.2 %

IMKTA stock opened at $63.79 on Friday. The company has a quick ratio of 1.45, a current ratio of 3.24 and a debt-to-equity ratio of 0.33. Ingles Markets, Incorporated has a twelve month low of $58.92 and a twelve month high of $82.01. The company has a market cap of $1.21 billion, a P/E ratio of 15.41 and a beta of 0.71. The business has a fifty day moving average of $63.85 and a 200-day moving average of $66.36.

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

Ingles Markets Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Friday, January 10th. Ingles Markets’s dividend payout ratio is presently 15.94%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Ingles Markets from a “buy” rating to a “hold” rating in a 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.