Wedge Capital Management L L P NC lifted its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 71.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,804 shares of the company’s stock after buying an additional 4,519 shares during the period. Wedge Capital Management L L P NC owned about 0.05% of Ingles Markets, worth $278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of IMKTA. American International Group Inc. lifted its stake in shares of Ingles Markets, by 7.0% in the first quarter. American International Group Inc. now owns 8,605 shares of the company’s stock worth $371,000 after buying an additional 566 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Ingles Markets, by 2.2% in the first quarter. Teachers Advisors LLC now owns 24,344 shares of the company’s stock worth $1,050,000 after buying an additional 516 shares in the last quarter. California Public Employees Retirement System lifted its position in Ingles Markets, by 16.2% during the first quarter. California Public Employees Retirement System now owns 39,500 shares of the company’s stock valued at $1,704,000 after purchasing an additional 5,500 shares during the period. PNC Financial Services Group Inc. lifted its position in Ingles Markets, by 13.0% during the first quarter. PNC Financial Services Group Inc. now owns 3,002 shares of the company’s stock valued at $129,000 after purchasing an additional 346 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Ingles Markets, by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,184,142 shares of the company’s stock valued at $51,097,000 after purchasing an additional 5,490 shares during the period. Hedge funds and other institutional investors own 58.99% of the company’s stock.

Ingles Markets, Incorporated (IMKTA) opened at $23.50 on Friday. The firm has a market cap of $476.09, a P/E ratio of 9.79, a P/E/G ratio of 3.00 and a beta of 0.67. Ingles Markets, Incorporated has a 52-week low of $20.75 and a 52-week high of $52.40. The company has a current ratio of 1.63, a quick ratio of 0.31 and a debt-to-equity ratio of 1.68.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Thursday, October 12th were given a dividend of $0.165 per share. The ex-dividend date was Wednesday, October 11th. This represents a $0.66 dividend on an annualized basis and a yield of 2.81%. Ingles Markets,’s dividend payout ratio (DPR) is 27.50%.

In other Ingles Markets, news, Director Sharp Laura Ingle sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $24.97, for a total transaction of $124,850.00. Following the completion of the sale, the director now directly owns 2,500 shares of the company’s stock, valued at $62,425. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 30.30% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/11/12/wedge-capital-management-l-l-p-nc-boosts-position-in-ingles-markets-incorporated-imkta.html.

Separately, Zacks Investment Research downgraded shares of Ingles Markets, from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th.

About Ingles Markets,

Ingles Markets, Incorporated (Ingles) is a supermarket chain in the southeast United States. The Company’s segments include retail grocery and other. Its other segment consists of fluid dairy operations and shopping center rentals. As of September 24, 2016, the Company operated 201 supermarkets in Georgia, North Carolina, South Carolina, Tennessee, Virginia and Alabama.

Want to see what other hedge funds are holding IMKTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingles Markets, Incorporated (NASDAQ:IMKTA).

Institutional Ownership by Quarter for Ingles Markets, (NASDAQ:IMKTA)

Receive News & Ratings for Ingles Markets Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingles Markets Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.