IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 1,200 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 25.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,900 shares of the company’s stock after buying an additional 1,200 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Ingles Markets were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of IMKTA. Intech Investment Management LLC acquired a new stake in shares of Ingles Markets in the third quarter valued at approximately $266,000. Charles Schwab Investment Management Inc. lifted its holdings in Ingles Markets by 8.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 405,558 shares of the company’s stock valued at $30,255,000 after purchasing an additional 31,027 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in Ingles Markets by 20.9% during the third quarter. Dynamic Technology Lab Private Ltd now owns 7,015 shares of the company’s stock worth $523,000 after purchasing an additional 1,213 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Ingles Markets by 3.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,830 shares of the company’s stock valued at $1,852,000 after purchasing an additional 712 shares during the last quarter. Finally, Martingale Asset Management L P raised its position in shares of Ingles Markets by 7.1% in the third quarter. Martingale Asset Management L P now owns 19,885 shares of the company’s stock valued at $1,483,000 after purchasing an additional 1,323 shares during the period. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Ingles Markets Price Performance

Shares of NASDAQ IMKTA opened at $63.79 on Friday. The firm has a market cap of $1.21 billion, a P/E ratio of 15.41 and a beta of 0.71. The business’s 50 day moving average is $63.85 and its 200-day moving average is $66.40. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. Ingles Markets, Incorporated has a 1-year low of $58.92 and a 1-year high of $82.01.

Ingles Markets (NASDAQ:IMKTA) last posted 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets’s dividend payout ratio (DPR) is 15.94%.

Analyst Ratings Changes

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

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.