Teton Advisors Inc. Acquires 9,224 Shares of Ingles Markets, Incorporated (IMKTA)
Teton Advisors Inc. increased its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 177,224 shares of the company’s stock after buying an additional 9,224 shares during the period. Teton Advisors Inc. owned about 0.87% of Ingles Markets, worth $4,555,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of IMKTA. Captrust Financial Advisors bought a new position in Ingles Markets, in the 2nd quarter worth $100,000. Victory Capital Management Inc. lifted its stake in Ingles Markets, by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,805 shares of the company’s stock worth $127,000 after purchasing an additional 572 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Ingles Markets, by 13.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,002 shares of the company’s stock worth $129,000 after purchasing an additional 346 shares in the last quarter. Citigroup Inc. lifted its stake in Ingles Markets, by 353.3% in the 2nd quarter. Citigroup Inc. now owns 4,161 shares of the company’s stock worth $138,000 after purchasing an additional 3,243 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in Ingles Markets, in the 2nd quarter worth $209,000. 58.99% of the stock is owned by institutional investors.
Separately, Zacks Investment Research cut shares of Ingles Markets, from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th.
Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) traded down $0.80 during mid-day trading on Monday, reaching $23.65. 14,723 shares of the company’s stock traded hands, compared to its average volume of 77,197. The firm has a market cap of $495.33, a PE ratio of 10.19, a PEG ratio of 3.12 and a beta of 0.67. The company has a current ratio of 1.63, a quick ratio of 0.31 and a debt-to-equity ratio of 1.68.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Thursday, October 12th were given a $0.165 dividend. The ex-dividend date was Wednesday, October 11th. This represents a $0.66 annualized dividend and a dividend yield of 2.79%. Ingles Markets,’s dividend payout ratio (DPR) is 27.50%.
In other news, Director Sharp Laura Ingle sold 5,000 shares of Ingles Markets, stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $24.97, for a total value of $124,850.00. Following the sale, the director now owns 2,500 shares in the company, valued at $62,425. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 30.30% of the stock is owned by company insiders.
Ingles Markets, 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.
Want to see what other hedge funds are holding IMKTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingles Markets, Incorporated (NASDAQ:IMKTA).
Receive News & Ratings for Ingles Markets Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingles Markets Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.