Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Acquired by Polaris Capital Management LLC

Polaris Capital Management LLC lifted its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 24.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,800 shares of the company’s stock after purchasing an additional 6,500 shares during the quarter. Polaris Capital Management LLC’s holdings in Ingles Markets were worth $2,114,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in shares of Ingles Markets by 413.9% during the third quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 327 shares during the period. CWM LLC lifted its holdings in shares of Ingles Markets by 75.5% during the third quarter. CWM LLC now owns 760 shares of the company’s stock worth $57,000 after purchasing an additional 327 shares during the period. FNY Investment Advisers LLC acquired a new stake in Ingles Markets during the 4th quarter worth about $96,000. Caprock Group LLC purchased a new stake in shares of Ingles Markets in the third quarter worth about $203,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Ingles Markets during the 3rd quarter worth approximately $206,000. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Ingles Markets from a “buy” rating to a “hold” rating in a report on Monday.

Ingles Markets Price Performance

NASDAQ:IMKTA opened at $64.48 on Tuesday. Ingles Markets, Incorporated has a 12 month low of $59.73 and a 12 month high of $82.01. The company has a current ratio of 2.89, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average of $66.33 and a two-hundred day moving average of $69.06. The firm has a market cap of $1.22 billion, a P/E ratio of 15.57 and a beta of 0.75.

Ingles Markets (NASDAQ:IMKTA) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.87 earnings per share for the quarter. Ingles Markets had a return on equity of 5.11% and a net margin of 1.45%.

Ingles Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets’s dividend payout ratio is currently 15.94%.

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.