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

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 25.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,900 shares of the company’s stock after purchasing 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 SEC.

Other hedge funds also recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in Ingles Markets during the 4th quarter worth approximately $96,000. EntryPoint Capital LLC acquired a new position in shares of Ingles Markets in the fourth quarter valued at approximately $204,000. Captrust Financial Advisors bought a new stake in shares of Ingles Markets during the third quarter worth $206,000. Intech Investment Management LLC acquired a new stake in shares of Ingles Markets during the third quarter worth $266,000. Finally, Exchange Traded Concepts LLC lifted its position in Ingles Markets by 4.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company’s stock valued at $282,000 after acquiring an additional 187 shares in the last quarter. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Ingles Markets Stock Down 1.2 %

Shares of Ingles Markets stock opened at $63.79 on Friday. Ingles Markets, Incorporated has a 52-week low of $58.92 and a 52-week high of $82.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.45 and a current ratio of 3.24. The business’s 50 day simple moving average is $63.85 and its 200 day simple moving average is $66.40. The firm has a market cap of $1.21 billion, a PE ratio of 15.41 and a beta of 0.71.

Ingles Markets (NASDAQ:IMKTA) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.87 EPS for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Ingles Markets Announces Dividend

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

Wall Street Analyst Weigh In

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

About Ingles Markets

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.