Virginia Retirement Systems ET AL Buys Shares of 12,400 Ingles Markets Inc. (IMKTA)
Virginia Retirement Systems ET AL bought a new stake in Ingles Markets Inc. (NASDAQ:IMKTA) during the second quarter, Holdings Channel reports. The fund bought 12,400 shares of the company’s stock, valued at approximately $463,000. Virginia Retirement Systems ET AL owned about 0.06% of Ingles Markets as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Scout Investments Inc. purchased a new stake in Ingles Markets during the second quarter valued at $253,000. Societe Generale acquired a new position in Ingles Markets during the second quarter valued at about $101,000. LSV Asset Management raised its position in Ingles Markets by 47.2% in the second quarter. LSV Asset Management now owns 1,089,972 shares of the company’s stock valued at $40,655,000 after buying an additional 349,721 shares during the last quarter. California State Teachers Retirement System raised its position in Ingles Markets by 3.7% in the second quarter. California State Teachers Retirement System now owns 29,320 shares of the company’s stock valued at $1,094,000 after buying an additional 1,047 shares during the last quarter. Finally, River Road Asset Management LLC raised its position in Ingles Markets by 1.1% in the second quarter. River Road Asset Management LLC now owns 928,047 shares of the company’s stock valued at $34,616,000 after buying an additional 9,711 shares during the last quarter. 61.59% of the stock is currently owned by institutional investors.
Ingles Markets Inc. (NASDAQ:IMKTA) opened at 40.32 on Friday. The stock has a market capitalization of $816.84 million, a price-to-earnings ratio of 14.52 and a beta of 0.68. The stock’s 50 day moving average is $38.42 and its 200 day moving average is $37.66. Ingles Markets Inc. has a 12-month low of $31.77 and a 12-month high of $57.68.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, October 6th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.64%. Ingles Markets’s dividend payout ratio is presently 23.74%.
Separately, Zacks Investment Research upgraded shares of Ingles Markets from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th.
Ingles Markets Company Profile
Ingles Markets, Incorporated is a supermarket chain. The Company operates approximately 70 supermarkets in Georgia, approximately 70 in North Carolina, approximately 40 in South Carolina, over 20 in Tennessee, approximately two in Virginia and approximately one in Alabama. The Company operates through retail grocery sales segment.
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