Tower Research Capital LLC TRC Has $81,000 Stake in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Tower Research Capital LLC TRC grew its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 296.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,252 shares of the company’s stock after purchasing an additional 936 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Ingles Markets were worth $81,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in IMKTA. Vanguard Group Inc. grew its position in Ingles Markets by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 1,234,699 shares of the company’s stock valued at $79,564,000 after acquiring an additional 7,541 shares during the last quarter. River Road Asset Management LLC boosted its stake in shares of Ingles Markets by 0.6% in the 4th quarter. River Road Asset Management LLC now owns 976,424 shares of the company’s stock valued at $62,921,000 after purchasing an additional 5,398 shares in the last quarter. Brandes Investment Partners LP grew its holdings in shares of Ingles Markets by 42.4% during the 4th quarter. Brandes Investment Partners LP now owns 533,982 shares of the company’s stock valued at $34,410,000 after purchasing an additional 159,097 shares during the last quarter. American Century Companies Inc. increased its position in Ingles Markets by 11.2% during the 4th quarter. American Century Companies Inc. now owns 475,894 shares of the company’s stock worth $30,667,000 after purchasing an additional 47,859 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Ingles Markets by 11.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,558 shares of the company’s stock valued at $29,227,000 after purchasing an additional 48,000 shares during the last quarter. Institutional investors own 62.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Ingles Markets from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th.

Ingles Markets Stock Performance

Shares of IMKTA stock opened at $61.67 on Friday. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 14.90 and a beta of 0.73. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $62.66 and its 200-day moving average price is $65.30. Ingles Markets, Incorporated has a 12 month low of $58.92 and a 12 month high of $82.01.

Ingles Markets (NASDAQ:IMKTA) last posted its earnings results on Thursday, May 8th. The company reported $0.80 EPS for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Ingles Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 10th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.07%. The ex-dividend date was Thursday, April 10th. Ingles Markets’s dividend payout ratio is currently 20.25%.

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.