Factorial Partners LLC Boosts Stock Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Factorial Partners LLC grew its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 22.1% in the 4th quarter, HoldingsChannel reports. The firm owned 30,996 shares of the company’s stock after buying an additional 5,600 shares during the quarter. Factorial Partners LLC’s holdings in Ingles Markets were worth $1,997,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in Ingles Markets during the fourth quarter valued at about $96,000. Caprock Group LLC purchased a new stake in shares of Ingles Markets during the third quarter valued at about $203,000. Captrust Financial Advisors bought a new stake in shares of Ingles Markets in the 3rd quarter valued at about $206,000. Intech Investment Management LLC purchased a new position in shares of Ingles Markets in the 3rd quarter worth approximately $266,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Ingles Markets by 4.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company’s stock worth $282,000 after acquiring an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Ingles Markets Stock Down 0.7 %

Shares of IMKTA stock opened at $61.44 on Friday. The stock’s fifty day moving average price is $64.78 and its 200 day moving average price is $67.92. Ingles Markets, Incorporated has a 1-year low of $59.73 and a 1-year high of $82.01. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 14.84 and a beta of 0.75. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.24 and a quick ratio of 1.45.

Ingles Markets (NASDAQ:IMKTA) last issued its quarterly earnings results 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 business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th were issued a $0.165 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.07%. Ingles Markets’s dividend payout ratio is currently 15.94%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded 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.