Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 436.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 902 shares of the company’s stock after purchasing an additional 734 shares during the quarter. Meeder Asset Management Inc.’s holdings in Ingles Markets were worth $53,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. IndexIQ Advisors LLC lifted its position in shares of Ingles Markets by 4.5% during the second quarter. IndexIQ Advisors LLC now owns 6,562 shares of the company’s stock worth $382,000 after purchasing an additional 284 shares in the last quarter. Ziegler Capital Management LLC raised its holdings in Ingles Markets by 1.6% in the second quarter. Ziegler Capital Management LLC now owns 24,491 shares of the company’s stock valued at $1,427,000 after acquiring an additional 382 shares in the last quarter. ClariVest Asset Management LLC raised its holdings in Ingles Markets by 6.1% in the first quarter. ClariVest Asset Management LLC now owns 8,700 shares of the company’s stock valued at $536,000 after acquiring an additional 500 shares in the last quarter. First Trust Advisors LP raised its holdings in Ingles Markets by 2.4% in the first quarter. First Trust Advisors LP now owns 26,086 shares of the company’s stock valued at $720,000 after acquiring an additional 608 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in Ingles Markets by 20.3% in the first quarter. Captrust Financial Advisors now owns 3,909 shares of the company’s stock valued at $241,000 after acquiring an additional 659 shares in the last quarter. 67.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:IMKTA opened at $64.90 on Wednesday. The firm’s 50 day moving average price is $63.38 and its 200 day moving average price is $62.24. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 5.46 and a beta of 0.56. Ingles Markets, Incorporated has a fifty-two week low of $34.92 and a fifty-two week high of $70.79. The company has a quick ratio of 0.72, a current ratio of 1.37 and a debt-to-equity ratio of 0.64.

Ingles Markets (NASDAQ:IMKTA) last issued its earnings results on Thursday, August 5th. The company reported $3.84 earnings per share for the quarter. The firm had revenue of $1.28 billion for the quarter. Ingles Markets had a net margin of 4.86% and a return on equity of 27.43%.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 15th. Investors of record on Thursday, July 8th were issued a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, July 7th. This represents a $0.66 annualized dividend and a yield of 1.02%.

About Ingles Markets

Ingles Markets, Inc engages in the operation of a supermarket chain in Georgia, North Carolina, Tennessee, Virginia, and Alabama. It offers its products through the following categories: grocery, non-foods, perishables and other. The grocery products comprises of groceries, dairy, and frozen foods. The non-foods products include alcoholic beverages, tobacco, pharmacy, health, and video.

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Institutional Ownership by Quarter for Ingles Markets (NASDAQ:IMKTA)

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