Empowered Funds LLC Boosts Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Empowered Funds LLC grew its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 11.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,622 shares of the company’s stock after acquiring an additional 10,842 shares during the quarter. Empowered Funds LLC owned about 0.57% of Ingles Markets worth $8,252,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of IMKTA. River Road Asset Management LLC lifted its stake in shares of Ingles Markets by 1.3% in the 4th quarter. River Road Asset Management LLC now owns 832,191 shares of the company’s stock valued at $71,876,000 after purchasing an additional 10,900 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ingles Markets by 8.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 311,124 shares of the company’s stock worth $26,872,000 after acquiring an additional 23,854 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Ingles Markets by 9.5% in the 3rd quarter. American Century Companies Inc. now owns 257,857 shares of the company’s stock valued at $19,424,000 after acquiring an additional 22,400 shares during the period. Bridgeway Capital Management LLC boosted its position in Ingles Markets by 3.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 225,124 shares of the company’s stock worth $19,444,000 after purchasing an additional 6,528 shares during the period. Finally, Denali Advisors LLC increased its holdings in Ingles Markets by 20.0% in the 1st quarter. Denali Advisors LLC now owns 65,495 shares of the company’s stock valued at $5,022,000 after purchasing an additional 10,919 shares in the last quarter. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ingles Markets

In other news, Director Sharp Laura Ingle sold 5,901 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.02, for a total value of $401,386.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 16,700 shares of company stock valued at $1,160,640 in the last three months. Corporate insiders own 23.10% of the company’s stock.

Ingles Markets Stock Up 0.9 %

Shares of NASDAQ IMKTA traded up $0.64 on Friday, hitting $73.67. The company had a trading volume of 84,125 shares, compared to its average volume of 99,205. The company has a quick ratio of 1.53, a current ratio of 3.20 and a debt-to-equity ratio of 0.34. Ingles Markets, Incorporated has a 12-month low of $67.10 and a 12-month high of $89.59. The firm has a market capitalization of $1.40 billion, a P/E ratio of 7.95 and a beta of 0.66. The business has a 50 day moving average of $71.11 and a two-hundred day moving average of $76.01.

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

Ingles Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Thursday, July 11th will be issued a dividend of $0.165 per share. The ex-dividend date is Thursday, July 11th. This represents a $0.66 annualized dividend and a yield of 0.90%. Ingles Markets’s dividend payout ratio is presently 7.12%.

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.