Royce & Associates LP Decreases Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Royce & Associates LP trimmed its position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 14.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 434,386 shares of the company’s stock after selling 75,607 shares during the quarter. Royce & Associates LP’s holdings in Ingles Markets were worth $32,405,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IMKTA. Brandes Investment Partners LP increased its stake in Ingles Markets by 111.0% in the 2nd quarter. Brandes Investment Partners LP now owns 196,753 shares of the company’s stock worth $13,480,000 after purchasing an additional 103,507 shares during the period. Systematic Financial Management LP boosted its position in shares of Ingles Markets by 103.1% during the second quarter. Systematic Financial Management LP now owns 181,564 shares of the company’s stock valued at $12,457,000 after purchasing an additional 92,164 shares in the last quarter. River Road Asset Management LLC grew its stake in shares of Ingles Markets by 7.1% in the third quarter. River Road Asset Management LLC now owns 971,026 shares of the company’s stock worth $72,439,000 after acquiring an additional 64,296 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Ingles Markets by 9.5% in the second quarter. American Century Companies Inc. now owns 369,184 shares of the company’s stock worth $25,330,000 after acquiring an additional 32,013 shares during the last quarter. Finally, Denali Advisors LLC lifted its holdings in shares of Ingles Markets by 40.6% during the second quarter. Denali Advisors LLC now owns 92,102 shares of the company’s stock valued at $6,319,000 after purchasing an additional 26,607 shares in the last quarter. 62.54% of the stock is owned by hedge funds and other institutional investors.

Ingles Markets Stock Up 0.3 %

IMKTA stock opened at $72.65 on Friday. Ingles Markets, Incorporated has a fifty-two week low of $59.73 and a fifty-two week high of $89.59. The business’s 50-day moving average is $67.81 and its two-hundred day moving average is $70.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 2.99. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 8.65 and a beta of 0.72.

Ingles Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 10th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, October 10th. Ingles Markets’s dividend payout ratio is 7.86%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Ingles Markets from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 21st.

Ingles Markets Company 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.