BlackRock Inc. increased its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 13.6% in the second quarter, HoldingsChannel.com reports. The firm owned 1,048,204 shares of the company’s stock after acquiring an additional 125,446 shares during the period. BlackRock Inc. owned approximately 0.05% of Ingles Markets worth $33,332,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP boosted its position in Ingles Markets by 274.5% during the 2nd quarter. GSA Capital Partners LLP now owns 69,489 shares of the company’s stock worth $2,210,000 after purchasing an additional 50,935 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Ingles Markets by 438.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 39,675 shares of the company’s stock worth $1,262,000 after purchasing an additional 32,300 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Ingles Markets by 12.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 267,681 shares of the company’s stock worth $8,513,000 after purchasing an additional 30,061 shares during the period. Strs Ohio boosted its position in Ingles Markets by 19.8% during the 2nd quarter. Strs Ohio now owns 26,000 shares of the company’s stock worth $826,000 after purchasing an additional 4,300 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Ingles Markets by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,195,232 shares of the company’s stock worth $40,459,000 after purchasing an additional 7,115 shares during the period. 63.86% of the stock is owned by hedge funds and other institutional investors.

Shares of Ingles Markets stock opened at $32.04 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.96 and a quick ratio of 0.50. Ingles Markets, Incorporated has a twelve month low of $22.63 and a twelve month high of $37.65. The firm has a market cap of $654.97 million, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.05 and a beta of 0.39.

Ingles Markets (NASDAQ:IMKTA) last announced its quarterly earnings results on Thursday, August 9th. The company reported $0.91 earnings per share for the quarter. The firm had revenue of $1.03 billion during the quarter. Ingles Markets had a net margin of 2.38% and a return on equity of 16.76%. As a group, sell-side analysts expect that Ingles Markets, Incorporated will post 2.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 18th. Shareholders of record on Thursday, October 11th were given a $0.165 dividend. The ex-dividend date was Wednesday, October 10th. This represents a $0.66 dividend on an annualized basis and a yield of 2.06%. Ingles Markets’s payout ratio is currently 24.81%.

IMKTA has been the subject of a number of research reports. ValuEngine raised shares of Ingles Markets from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 31st. Zacks Investment Research raised shares of Ingles Markets from a “sell” rating to a “hold” rating in a research report on Monday, September 3rd. Finally, BidaskClub raised shares of Ingles Markets from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th.

In other Ingles Markets news, Director Sharp Laura Ingle sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $36.00, for a total value of $90,000.00. Following the completion of the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $1,080,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 29.50% of the company’s stock.

Ingles Markets Company Profile

Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. Its supermarkets offer various food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, such as fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.

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

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