Nisa Investment Advisors LLC continued to hold its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) during the second quarter, Holdings Channel reports. The institutional investor owned 12,800 shares of the company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Ingles Markets, were worth $468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Adams Diversified Equity Fund Inc. boosted its position in Ingles Markets, by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 21,100 shares of the company’s stock valued at $910,000 after buying an additional 600 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in Ingles Markets, during the fourth quarter valued at $527,000. Teachers Advisors LLC boosted its position in Ingles Markets, by 11.7% in the fourth quarter. Teachers Advisors LLC now owns 23,828 shares of the company’s stock valued at $1,146,000 after buying an additional 2,496 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in Ingles Markets, by 4.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,854 shares of the company’s stock valued at $468,000 after buying an additional 500 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Ingles Markets, by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 127,118 shares of the company’s stock valued at $5,485,000 after buying an additional 7,052 shares during the last quarter. 58.97% of the stock is currently owned by institutional investors.

Ingles Markets, Incorporated (IMKTA) traded up 0.95% during trading on Friday, hitting $26.70. 26,723 shares of the stock traded hands. The company’s 50 day moving average is $30.37 and its 200 day moving average is $39.71. The company has a market capitalization of $540.92 million, a P/E ratio of 11.12 and a beta of 0.60. Ingles Markets, Incorporated has a one year low of $26.15 and a one year high of $52.40.

Ingles Markets, (NASDAQ:IMKTA) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.57 EPS for the quarter. Ingles Markets, had a net margin of 1.26% and a return on equity of 10.08%. The company had revenue of $984.40 million during the quarter. On average, equities analysts forecast that Ingles Markets, Incorporated will post $2.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 13th. Stockholders of record on Thursday, July 6th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Monday, July 3rd. Ingles Markets,’s dividend payout ratio (DPR) is presently 27.50%.

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Several research firms have recently commented on IMKTA. Zacks Investment Research upgraded shares of Ingles Markets, from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. TheStreet cut shares of Ingles Markets, from a “b” rating to a “c+” rating in a report on Thursday, June 15th.

Ingles Markets, Company Profile

Ingles Markets, Incorporated (Ingles) is a supermarket chain in the southeast United States. The Company’s segments include retail grocery and other. Its other segment consists of fluid dairy operations and shopping center rentals. As of September 24, 2016, the Company operated 201 supermarkets in Georgia, North Carolina, South Carolina, Tennessee, Virginia and Alabama.

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Institutional Ownership by Quarter for Ingles Markets, (NASDAQ:IMKTA)

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