EMC Capital Management Decreases Stock Position in Ingles Markets, Incorporated (NASDAQ:IMKTA)

EMC Capital Management decreased its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 49.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,013 shares of the company’s stock after selling 3,006 shares during the period. EMC Capital Management’s holdings in Ingles Markets were worth $194,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC increased its position in Ingles Markets by 17.0% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 8,399 shares of the company’s stock worth $541,000 after purchasing an additional 1,220 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Ingles Markets by 4.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company’s stock worth $282,000 after buying an additional 187 shares during the last quarter. Ballentine Partners LLC raised its position in shares of Ingles Markets by 7.5% during the 4th quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock valued at $291,000 after buying an additional 314 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Ingles Markets in the 4th quarter valued at about $96,000. Finally, Diversified Trust Co grew its position in Ingles Markets by 27.5% in the fourth quarter. Diversified Trust Co now owns 5,742 shares of the company’s stock worth $370,000 after acquiring an additional 1,240 shares in the last quarter. 62.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Ingles Markets from a “hold” rating to a “buy” rating in a research report on Monday, December 30th.

Ingles Markets Stock Down 0.4 %

Shares of IMKTA opened at $67.01 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.89 and a debt-to-equity ratio of 0.33. Ingles Markets, Incorporated has a 52-week low of $59.73 and a 52-week high of $85.87. The company has a market cap of $1.27 billion, a PE ratio of 12.07 and a beta of 0.76. The business has a fifty day moving average of $67.29 and a 200 day moving average of $69.56.

Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings results on Friday, December 27th. The company reported ($0.08) EPS for the quarter. Ingles Markets had a return on equity of 6.90% and a net margin of 1.87%.

Ingles Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were issued a $0.165 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.66 annualized dividend and a dividend yield of 0.98%. Ingles Markets’s payout ratio is 11.89%.

About Ingles Markets

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.