Linden Thomas Advisory Services LLC Purchases 1,220 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Linden Thomas Advisory Services LLC lifted its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,399 shares of the company’s stock after buying an additional 1,220 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Ingles Markets were worth $541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC grew its stake in shares of Ingles Markets by 4.5% in 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. Ballentine Partners LLC boosted its position in Ingles Markets by 7.5% during the fourth quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock worth $291,000 after purchasing an additional 314 shares during the period. FNY Investment Advisers LLC bought a new position in Ingles Markets during the fourth quarter worth $96,000. Diversified Trust Co boosted its position in Ingles Markets by 27.5% during the fourth quarter. Diversified Trust Co now owns 5,742 shares of the company’s stock worth $370,000 after purchasing an additional 1,240 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Ingles Markets by 49.7% in the third 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 during the period. 62.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Ingles Markets from a “hold” rating to a “buy” rating in a research report on Monday, December 30th.

Ingles Markets Stock Performance

NASDAQ:IMKTA opened at $65.63 on Monday. The stock’s 50-day moving average is $67.47 and its 200-day moving average is $69.68. Ingles Markets, Incorporated has a 1-year low of $59.73 and a 1-year high of $85.87. The stock has a market cap of $1.25 billion, a P/E ratio of 11.83 and a beta of 0.76. The company has a current ratio of 2.89, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33.

Ingles Markets (NASDAQ:IMKTA) last announced its earnings results on Friday, December 27th. The company reported ($0.08) EPS for the quarter. Ingles Markets had a net margin of 1.87% and a return on equity of 6.90%.

Ingles Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 9th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, January 10th. Ingles Markets’s payout ratio is presently 11.89%.

Ingles Markets 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.