Bessemer Group Inc. Purchases 4,021 Shares of Ingles Markets, Incorporated $IMKTA

Bessemer Group Inc. increased its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 40,210.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,031 shares of the company’s stock after buying an additional 4,021 shares during the period. Bessemer Group Inc.’s holdings in Ingles Markets were worth $256,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Significant Wealth Partners LLC boosted its holdings in Ingles Markets by 2.8% in the 2nd quarter. Significant Wealth Partners LLC now owns 7,390 shares of the company’s stock valued at $468,000 after purchasing an additional 204 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Ingles Markets by 6.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,087 shares of the company’s stock valued at $266,000 after purchasing an additional 232 shares during the period. Signaturefd LLC boosted its holdings in Ingles Markets by 82.5% in the 2nd quarter. Signaturefd LLC now owns 522 shares of the company’s stock valued at $33,000 after purchasing an additional 236 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Ingles Markets by 2.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,002 shares of the company’s stock valued at $571,000 after purchasing an additional 257 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Ingles Markets by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,617 shares of the company’s stock valued at $561,000 after purchasing an additional 385 shares during the period. 62.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Ingles Markets in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Ingles Markets Trading Up 3.6%

Shares of IMKTA stock opened at $71.58 on Tuesday. Ingles Markets, Incorporated has a 52-week low of $58.92 and a 52-week high of $75.63. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 24.10 and a beta of 0.75. 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 firm has a fifty day moving average of $70.37 and a 200-day moving average of $65.78.

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 net margin of 1.05% and a return on equity of 3.60%.

Ingles Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Thursday, October 9th were given a dividend of $0.165 per share. The ex-dividend date was Thursday, October 9th. This represents a $0.66 dividend on an annualized basis and a dividend 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.