Ingles Markets, Incorporated (NASDAQ:IMKTA) Stock Position Trimmed by Rhumbline Advisers

Rhumbline Advisers cut its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,377 shares of the company’s stock after selling 723 shares during the quarter. Rhumbline Advisers owned about 0.12% of Ingles Markets worth $1,523,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IMKTA. Wells Fargo & Company MN raised its position in shares of Ingles Markets by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 61,502 shares of the company’s stock worth $3,963,000 after buying an additional 184 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Ingles Markets by 3.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,577 shares of the company’s stock worth $424,000 after buying an additional 249 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ingles Markets by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,232 shares of the company’s stock worth $530,000 after buying an additional 313 shares in the last quarter. State of Wyoming grew its stake in shares of Ingles Markets by 8.4% in the 4th quarter. State of Wyoming now owns 4,578 shares of the company’s stock worth $295,000 after purchasing an additional 354 shares during the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Ingles Markets by 811.8% in the 4th quarter. Sterling Capital Management LLC now owns 465 shares of the company’s stock worth $30,000 after purchasing an additional 414 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors.

Ingles Markets Stock Performance

Shares of IMKTA opened at $61.15 on Thursday. The company’s 50 day moving average price is $61.80 and its 200 day moving average price is $63.80. Ingles Markets, Incorporated has a 52 week low of $58.92 and a 52 week high of $82.01. The company has a market capitalization of $1.16 billion, a PE ratio of 18.76 and a beta of 0.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.46 and a current ratio of 3.19.

Ingles Markets (NASDAQ:IMKTA) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.80 EPS for the quarter. Ingles Markets had a net margin of 1.14% and a return on equity of 3.98%.

Ingles Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 10th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.08%. The ex-dividend date was Thursday, April 10th. Ingles Markets’s dividend payout ratio is 20.25%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Ingles Markets from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th.

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.