D. E. Shaw & Co. Inc. Buys 27,531 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

D. E. Shaw & Co. Inc. raised its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 102.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 54,317 shares of the company’s stock after acquiring an additional 27,531 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Ingles Markets were worth $3,500,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in Ingles Markets in the fourth quarter worth $30,000. Sterling Capital Management LLC increased its position in Ingles Markets by 811.8% in the fourth quarter. Sterling Capital Management LLC now owns 465 shares of the company’s stock worth $30,000 after buying an additional 414 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in Ingles Markets in the fourth quarter worth $64,000. Tower Research Capital LLC TRC increased its position in Ingles Markets by 296.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,252 shares of the company’s stock worth $81,000 after buying an additional 936 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Ingles Markets in the fourth quarter worth $204,000. 62.54% of the stock is currently owned by institutional investors.

Ingles Markets Price Performance

Ingles Markets stock opened at $62.82 on Monday. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $82.01. The business has a fifty day moving average price of $62.67 and a 200-day moving average price of $65.29. 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 $1.19 billion, a P/E ratio of 15.17 and a beta of 0.73.

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

Ingles Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 10th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Thursday, April 10th. Ingles Markets’s payout ratio is currently 20.25%.

Wall Street Analyst Weigh In

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

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.