Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sells $421,500.00 in Stock

Ingles Markets, Incorporated (NASDAQ:IMKTAGet Free Report) Director Sharp Laura Ingle sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $70.25, for a total transaction of $421,500.00. Following the completion of the transaction, the director now directly owns 14,700 shares in the company, valued at approximately $1,032,675. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sharp Laura Ingle also recently made the following trade(s):

  • On Thursday, March 28th, Sharp Laura Ingle sold 4,000 shares of Ingles Markets stock. The stock was sold at an average price of $76.25, for a total transaction of $305,000.00.
  • On Monday, March 25th, Sharp Laura Ingle sold 2,000 shares of Ingles Markets stock. The stock was sold at an average price of $76.00, for a total transaction of $152,000.00.
  • On Wednesday, March 20th, Sharp Laura Ingle sold 2,000 shares of Ingles Markets stock. The stock was sold at an average price of $75.00, for a total transaction of $150,000.00.

Ingles Markets Price Performance

Shares of NASDAQ:IMKTA opened at $68.31 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.20 and a quick ratio of 1.53. Ingles Markets, Incorporated has a 1-year low of $67.68 and a 1-year high of $89.59. The company has a market capitalization of $1.30 billion, a P/E ratio of 7.37 and a beta of 0.67. The firm’s 50 day simple moving average is $72.81 and its two-hundred day simple moving average is $78.12.

Ingles Markets (NASDAQ:IMKTAGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported $1.68 earnings per share for the quarter. Ingles Markets had a net margin of 3.00% and a return on equity of 11.97%. The business had revenue of $1.37 billion for the quarter.

Ingles Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 11th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, April 10th. Ingles Markets’s dividend payout ratio is currently 7.12%.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of Ingles Markets from a “b” rating to a “c+” rating in a report on Monday, February 26th.

Check Out Our Latest Analysis on Ingles Markets

Hedge Funds Weigh In On Ingles Markets

Large investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in shares of Ingles Markets during the fourth quarter valued at approximately $1,574,000. River Road Asset Management LLC raised its position in shares of Ingles Markets by 1.6% during the third quarter. River Road Asset Management LLC now owns 821,291 shares of the company’s stock valued at $61,868,000 after buying an additional 12,850 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Ingles Markets during the third quarter valued at approximately $1,382,000. American Century Companies Inc. raised its position in shares of Ingles Markets by 9.5% during the third quarter. American Century Companies Inc. now owns 257,857 shares of the company’s stock valued at $19,424,000 after buying an additional 22,400 shares during the last quarter. Finally, Sapient Capital LLC bought a new stake in shares of Ingles Markets during the fourth quarter valued at approximately $216,000. Hedge funds and other institutional investors own 62.54% of the company’s stock.

About Ingles Markets

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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.

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