Thompson Siegel & Walmsley LLC Makes New Investment in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Thompson Siegel & Walmsley LLC acquired a new position in Ingles Markets, Incorporated (NASDAQ:IMKTA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,500 shares of the company’s stock, valued at approximately $354,000.

Other large investors have also recently bought and sold shares of the company. Systematic Financial Management LP increased its position in shares of Ingles Markets by 8.3% in the third quarter. Systematic Financial Management LP now owns 196,671 shares of the company’s stock valued at $14,672,000 after buying an additional 15,107 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Ingles Markets by 33.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 43,846 shares of the company’s stock valued at $3,271,000 after buying an additional 10,916 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Ingles Markets by 36.2% in the third quarter. Victory Capital Management Inc. now owns 47,901 shares of the company’s stock valued at $3,573,000 after buying an additional 12,726 shares in the last quarter. Barclays PLC increased its position in shares of Ingles Markets by 346.2% in the third quarter. Barclays PLC now owns 23,689 shares of the company’s stock valued at $1,768,000 after buying an additional 18,380 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Ingles Markets by 5.8% in the third quarter. Franklin Resources Inc. now owns 6,933 shares of the company’s stock valued at $517,000 after buying an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ingles Markets Stock Down 0.3 %

Shares of NASDAQ:IMKTA opened at $61.59 on Friday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 14.88 and a beta of 0.71. Ingles Markets, Incorporated has a 12-month low of $58.92 and a 12-month high of $82.01. 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 stock’s 50-day moving average price is $64.04 and its two-hundred day moving average price is $67.14.

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

Ingles Markets Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets’s dividend payout ratio is currently 15.94%.

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.