Rhumbline Advisers Decreases Stock Holdings in Ingles Markets, Incorporated $IMKTA

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Summer Road LLC boosted its stake in shares of Ingles Markets by 125.0% during the 1st quarter. Summer Road LLC now owns 1,800 shares of the company’s stock valued at $115,000 after buying an additional 1,000 shares during the last quarter. Anchor Investment Management LLC raised its holdings in shares of Ingles Markets by 85.0% during the first quarter. Anchor Investment Management LLC now owns 1,850 shares of the company’s stock valued at $120,000 after buying an additional 850 shares during the last quarter. DMC Group LLC bought a new stake in shares of Ingles Markets during the first quarter valued at approximately $239,000. Cetera Investment Advisers bought a new stake in shares of Ingles Markets during the first quarter valued at approximately $242,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ingles Markets during the fourth quarter valued at approximately $248,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Ingles Markets Stock Up 0.6%

IMKTA stock opened at $70.62 on Friday. Ingles Markets, Incorporated has a 52 week low of $58.92 and a 52 week high of $75.63. The company has a current ratio of 3.14, a quick ratio of 1.53 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average is $66.37 and its two-hundred day moving average is $63.87. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 23.78 and a beta of 0.77.

Ingles Markets (NASDAQ:IMKTA) last announced its earnings results on Thursday, August 7th. The company reported $1.38 earnings per share (EPS) for the quarter. Ingles Markets had a return on equity of 3.60% and a net margin of 1.05%.

Ingles Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, July 10th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Ingles Markets’s dividend payout ratio is presently 22.22%.

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.