Linden Thomas Advisory Services LLC Buys New Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Linden Thomas Advisory Services LLC purchased a new position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,834 shares of the company’s stock, valued at approximately $245,000.

Other institutional investors have also recently bought and sold shares of the company. River Road Asset Management LLC raised its position in Ingles Markets by 1.3% in the fourth quarter. River Road Asset Management LLC now owns 832,191 shares of the company’s stock worth $71,876,000 after purchasing an additional 10,900 shares in the last quarter. DGS Capital Management LLC lifted its holdings in shares of Ingles Markets by 8.0% during the fourth quarter. DGS Capital Management LLC now owns 15,972 shares of the company’s stock valued at $1,379,000 after acquiring an additional 1,188 shares during the period. Sapient Capital LLC acquired a new stake in shares of Ingles Markets in the 4th quarter valued at $216,000. Baker Ellis Asset Management LLC grew its holdings in shares of Ingles Markets by 11.2% in the 4th quarter. Baker Ellis Asset Management LLC now owns 50,960 shares of the company’s stock worth $4,401,000 after purchasing an additional 5,130 shares during the last quarter. Finally, Ziegler Capital Management LLC increased its position in shares of Ingles Markets by 2.2% during the 4th quarter. Ziegler Capital Management LLC now owns 10,993 shares of the company’s stock worth $949,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.

Insider Activity

In other news, Director Sharp Laura Ingle sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $75.00, for a total value of $150,000.00. Following the transaction, the director now owns 28,700 shares of the company’s stock, valued at approximately $2,152,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 8,000 shares of company stock valued at $607,000 over the last 90 days. 23.10% of the stock is owned by company insiders.

Ingles Markets Stock Down 0.2 %

Shares of NASDAQ IMKTA opened at $72.71 on Friday. The company has a quick ratio of 1.45, a current ratio of 3.22 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 7.48 and a beta of 0.60. Ingles Markets, Incorporated has a 12-month low of $72.17 and a 12-month high of $94.42. The firm’s 50-day simple moving average is $75.15 and its 200 day simple moving average is $79.94.

Ingles Markets (NASDAQ:IMKTA) last announced its earnings results on Thursday, February 8th. The company reported $2.28 earnings per share (EPS) for the quarter. The company had revenue of $1.48 billion for the quarter. Ingles Markets had a net margin of 3.14% and a return on equity of 12.92%.

Ingles Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 11th were given a dividend of $0.165 per share. The ex-dividend date was Wednesday, April 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.91%. Ingles Markets’s payout ratio is currently 6.79%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. StockNews.com cut shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 9th. TheStreet cut Ingles Markets from a “b” rating to a “c+” rating in a report on Monday, February 26th.

About Ingles Markets

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.