Polaris Capital Management LLC Acquires 6,500 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Polaris Capital Management LLC grew its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 24.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,800 shares of the company’s stock after buying an additional 6,500 shares during the period. Polaris Capital Management LLC owned 0.17% of Ingles Markets worth $2,114,000 as of its most recent SEC filing.

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

Ingles Markets Stock Up 0.0 %

NASDAQ IMKTA opened at $64.48 on Tuesday. The stock has a 50 day moving average price of $66.33 and a 200-day moving average price of $69.06. Ingles Markets, Incorporated has a one year low of $59.73 and a one year high of $82.01. The company has a market capitalization of $1.22 billion, a P/E ratio of 15.57 and a beta of 0.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 2.89.

Ingles Markets (NASDAQ:IMKTA) last announced its earnings results on Thursday, February 6th. The company reported $0.87 EPS 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 announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Friday, January 10th. Ingles Markets’s dividend payout ratio is currently 15.94%.

Analyst Upgrades and Downgrades

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

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.