Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC cut its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,326 shares of the company’s stock after selling 1,651 shares during the period. DGS Capital Management LLC’s holdings in Ingles Markets were worth $1,310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brandes Investment Partners LP grew its position in shares of Ingles Markets by 111.0% during the second quarter. Brandes Investment Partners LP now owns 196,753 shares of the company’s stock worth $13,480,000 after buying an additional 103,507 shares in the last quarter. Systematic Financial Management LP increased its position in shares of Ingles Markets by 103.1% in the 2nd quarter. Systematic Financial Management LP now owns 181,564 shares of the company’s stock valued at $12,457,000 after purchasing an additional 92,164 shares during the last quarter. River Road Asset Management LLC raised its holdings in shares of Ingles Markets by 7.1% in the 3rd quarter. River Road Asset Management LLC now owns 971,026 shares of the company’s stock valued at $72,439,000 after purchasing an additional 64,296 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ingles Markets by 8.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,558 shares of the company’s stock worth $30,255,000 after purchasing an additional 31,027 shares during the last quarter. Finally, Factorial Partners LLC purchased a new position in Ingles Markets in the third quarter valued at $1,895,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Analyst Ratings Changes

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

Ingles Markets Stock Up 2.1 %

IMKTA stock opened at $65.63 on Friday. The stock has a market cap of $1.25 billion, a P/E ratio of 11.83 and a beta of 0.76. The company has a current ratio of 2.89, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. Ingles Markets, Incorporated has a twelve month low of $59.73 and a twelve month high of $85.87. The company’s 50 day moving average is $67.47 and its two-hundred day moving average is $69.67.

Ingles Markets (NASDAQ:IMKTA) last announced 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 9th were given a $0.165 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.01%. Ingles Markets’s dividend payout ratio (DPR) is presently 11.89%.

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.