Atria Investments Inc Grows Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Atria Investments Inc grew its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 13.5% during the 4th quarter, Holdings Channel reports. The firm owned 8,321 shares of the company’s stock after purchasing an additional 989 shares during the quarter. Atria Investments Inc’s holdings in Ingles Markets were worth $536,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. FNY Investment Advisers LLC acquired a new position in Ingles Markets during the fourth quarter worth about $96,000. Caprock Group LLC acquired a new position in Ingles Markets during the third quarter worth about $203,000. Captrust Financial Advisors acquired a new position in Ingles Markets during the third quarter worth about $206,000. Intech Investment Management LLC acquired a new position in Ingles Markets during the third quarter worth about $266,000. Finally, Virtu Financial LLC acquired a new position in Ingles Markets during the third quarter worth about $318,000. Institutional investors and hedge funds own 62.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Ingles Markets from a “buy” rating to a “hold” rating in a research report on Monday, February 10th.

Ingles Markets Stock Performance

NASDAQ:IMKTA opened at $61.59 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.24 and a quick ratio of 1.45. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 14.88 and a beta of 0.71. The company’s 50-day moving average is $64.04 and its two-hundred day moving average is $67.09. Ingles Markets, Incorporated has a 1-year low of $58.92 and a 1-year high of $82.01.

Ingles Markets (NASDAQ:IMKTA) last posted its earnings results on Thursday, February 6th. The company reported $0.87 earnings per share for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Ingles Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets’s dividend payout ratio (DPR) is 15.94%.

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.