Quadrant Capital Group LLC Has $63,000 Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Quadrant Capital Group LLC boosted its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTAFree Report) by 30.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 735 shares of the company’s stock after purchasing an additional 170 shares during the quarter. Quadrant Capital Group LLC’s holdings in Ingles Markets were worth $63,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ziegler Capital Management LLC increased its holdings in Ingles Markets by 2.2% in the 4th quarter. Ziegler Capital Management LLC now owns 10,993 shares of the company’s stock valued at $949,000 after buying an additional 240 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Ingles Markets by 11.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 3,183 shares of the company’s stock worth $275,000 after purchasing an additional 330 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Ingles Markets by 2.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 15,007 shares of the company’s stock worth $1,130,000 after purchasing an additional 375 shares during the last quarter. Swiss National Bank grew its holdings in shares of Ingles Markets by 1.3% in the 3rd quarter. Swiss National Bank now owns 31,700 shares of the company’s stock worth $2,388,000 after purchasing an additional 400 shares during the last quarter. Finally, Burney Co. grew its holdings in shares of Ingles Markets by 13.8% in the 3rd quarter. Burney Co. now owns 3,508 shares of the company’s stock worth $264,000 after purchasing an additional 425 shares during the last quarter. Institutional investors own 62.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on IMKTA. TheStreet lowered shares of Ingles Markets from a “b” rating to a “c+” rating in a report on Monday, February 26th. StockNews.com lowered shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a report on Friday, February 9th.

Read Our Latest Stock Analysis on IMKTA

Insider Buying and Selling

In related news, Director Sharp Laura Ingle sold 4,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $76.25, for a total transaction of $305,000.00. Following the completion of the sale, the director now directly owns 20,700 shares of the company’s stock, valued at approximately $1,578,375. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 8,000 shares of company stock valued at $607,000. 23.10% of the stock is owned by corporate insiders.

Ingles Markets Stock Performance

Shares of NASDAQ:IMKTA opened at $72.80 on Monday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 7.85 and a beta of 0.62. The firm’s 50 day simple moving average is $74.08 and its 200 day simple moving average is $79.04. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.20 and a quick ratio of 1.53. Ingles Markets, Incorporated has a fifty-two week low of $69.62 and a fifty-two week high of $89.59.

Ingles Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 11th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. Ingles Markets’s payout ratio is 7.12%.

About Ingles Markets

(Free Report)

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.

Further Reading

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

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