Insider Selling: Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sells 2,000 Shares of Stock

Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sharp Laura Ingle sold 2,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $76.00, for a total value of $152,000.00. Following the transaction, the director now directly owns 24,700 shares in the company, valued at $1,877,200. The sale was disclosed in a filing with the SEC, which is available through this link.

Sharp Laura Ingle also recently made the following trade(s):

• On Wednesday, March 20th, Sharp Laura Ingle sold 2,000 shares of Ingles Markets stock. The shares were sold at an average price of $75.00, for a total value of $150,000.00.

Ingles Markets Stock Down 0.1 %

Shares of IMKTA stock opened at $75.44 on Thursday. Ingles Markets, Incorporated has a fifty-two week low of $73.00 and a fifty-two week high of $94.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.45 and a current ratio of 3.22. The firm has a market capitalization of $1.43 billion, a PE ratio of 7.76 and a beta of 0.60. The stock’s 50-day simple moving average is $78.40 and its 200-day simple moving average is $80.26.

Ingles Markets (NASDAQ:IMKTA) last issued its earnings results on Thursday, February 8th. The company reported $2.28 EPS for the quarter. Ingles Markets had a return on equity of 12.92% and a net margin of 3.14%. The firm had revenue of $1.48 billion for the quarter.

Ingles Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, January 12th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.87%. The ex-dividend date was Thursday, January 11th. Ingles Markets’s payout ratio is currently 6.79%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com lowered Ingles Markets from a “strong-buy” rating to a “buy” rating in a report on Friday, February 9th. TheStreet lowered Ingles Markets from a “b” rating to a “c+” rating in a report on Monday, February 26th.

Institutional Trading of Ingles Markets

Institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Ingles Markets by 2.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 4,868 shares of the company’s stock worth $422,000 after acquiring an additional 128 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Ingles Markets by 2.5% in the fourth quarter. Captrust Financial Advisors now owns 6,035 shares of the company’s stock worth $582,000 after acquiring an additional 149 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Ingles Markets by 53.0% in the second quarter. Osaic Holdings Inc. now owns 439 shares of the company’s stock worth $36,000 after acquiring an additional 152 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Ingles Markets by 30.1% in the fourth quarter. Quadrant Capital Group LLC now owns 735 shares of the company’s stock worth $63,000 after acquiring an additional 170 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Ingles Markets by 0.3% in the first quarter. Lazard Asset Management LLC now owns 81,794 shares of the company’s stock worth $7,283,000 after acquiring an additional 219 shares during the last quarter. 62.54% of the stock is owned by institutional investors and hedge funds.

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.