EMC Capital Management Sells 3,006 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

EMC Capital Management lowered its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 49.9% during the 4th quarter, according to its most recent filing with the SEC. The firm 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 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IMKTA. GAMMA Investing LLC increased its position in Ingles Markets by 413.9% during the third quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 327 shares during the last quarter. CWM LLC grew its stake in shares of Ingles Markets by 75.5% during the 3rd quarter. CWM LLC now owns 760 shares of the company’s stock valued at $57,000 after purchasing an additional 327 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Ingles Markets during the 4th quarter valued at about $96,000. Caprock Group LLC bought a new position in shares of Ingles Markets in the 3rd quarter worth approximately $203,000. Finally, Captrust Financial Advisors purchased a new position in shares of Ingles Markets in the third quarter worth approximately $206,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Ingles Markets Price Performance

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

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

Ingles Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were paid a $0.165 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. Ingles Markets’s dividend payout ratio (DPR) is presently 11.89%.

Wall Street Analyst Weigh In

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

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.