Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sharp Laura Ingle Sells 500 Shares of Stock

Ingles Markets, Incorporated (NASDAQ:IMKTA – Get Rating) Director Sharp Laura Ingle sold 500 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $92.08, for a total value of $46,040.00. Following the completion of the sale, the director now owns 3,000 shares in the company, valued at approximately $276,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sharp Laura Ingle also recently made the following trade(s):

• On Friday, December 9th, Sharp Laura Ingle sold 2,000 shares of Ingles Markets stock. The shares were sold at an average price of $100.71, for a total value of $201,420.00.

Ingles Markets Price Performance

Shares of NASDAQ IMKTA opened at $91.40 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 2.67 and a debt-to-equity ratio of 0.41. Ingles Markets, Incorporated has a 52 week low of $78.32 and a 52 week high of $102.99. The business’s 50 day moving average price is $94.43 and its 200 day moving average price is $92.77. The firm has a market cap of $1.74 billion, a P/E ratio of 6.29 and a beta of 0.65.

Ingles Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 12th. Stockholders of record on Friday, January 6th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Thursday, January 5th. Ingles Markets’s payout ratio is 4.55%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IMKTA. Teacher Retirement System of Texas raised its stake in shares of Ingles Markets by 169.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 83,271 shares of the company’s stock worth $6,596,000 after buying an additional 52,346 shares during the period. First Trust Advisors LP acquired a new position in Ingles Markets in the 4th quarter valued at $4,351,000. Renaissance Technologies LLC raised its stake in Ingles Markets by 20.5% in the 1st quarter. Renaissance Technologies LLC now owns 252,858 shares of the company’s stock valued at $22,517,000 after purchasing an additional 43,074 shares during the last quarter. Bank of America Corp DE raised its stake in Ingles Markets by 223.4% in the 4th quarter. Bank of America Corp DE now owns 57,885 shares of the company’s stock valued at $5,584,000 after purchasing an additional 39,987 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Ingles Markets by 12.1% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 340,845 shares of the company’s stock valued at $29,568,000 after purchasing an additional 36,742 shares during the last quarter. 62.82% of the stock is owned by institutional investors and hedge funds.

Ingles Markets Company Profile

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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 consist of groceries, dairy, and frozen foods. The non-foods products include alcoholic beverages, tobacco, pharmacy, health, beauty, and cosmetic products.