Voya Investment Management LLC Lowers Stock Holdings in Ingles Markets, Incorporated $IMKTA

Voya Investment Management LLC cut its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 9.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,190 shares of the company’s stock after selling 445 shares during the quarter. Voya Investment Management LLC’s holdings in Ingles Markets were worth $273,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Anchor Investment Management LLC increased its stake in Ingles Markets by 85.0% in the first quarter. Anchor Investment Management LLC now owns 1,850 shares of the company’s stock valued at $120,000 after purchasing an additional 850 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Ingles Markets by 275.9% in the first quarter. Jane Street Group LLC now owns 30,644 shares of the company’s stock worth $1,996,000 after buying an additional 22,492 shares during the period. Caxton Associates LLP purchased a new stake in shares of Ingles Markets in the first quarter worth about $1,139,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Ingles Markets by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,617 shares of the company’s stock worth $561,000 after buying an additional 385 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Ingles Markets by 15.4% in the first quarter. Royal Bank of Canada now owns 19,083 shares of the company’s stock worth $1,243,000 after buying an additional 2,544 shares during the period. 62.54% of the stock is owned by institutional investors and hedge funds.

Ingles Markets Trading Up 1.2%

Shares of IMKTA opened at $69.56 on Tuesday. The company has a market capitalization of $1.32 billion, a P/E ratio of 23.42 and a beta of 0.77. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $75.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 3.14. The stock has a 50-day moving average price of $66.62 and a 200 day moving average price of $64.24.

Ingles Markets (NASDAQ:IMKTA) last announced its quarterly earnings data 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 disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Thursday, October 9th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. Ingles Markets’s dividend payout ratio (DPR) is 22.22%.

Ingles Markets Company 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.