Cynosure Group LLC Has $374,000 Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Cynosure Group LLC decreased its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 7.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,016 shares of the company’s stock after selling 405 shares during the quarter. Cynosure Group LLC’s holdings in Ingles Markets were worth $374,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Ingles Markets by 413.9% during the 3rd quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock valued at $30,000 after acquiring an additional 327 shares during the period. CWM LLC grew its stake in Ingles Markets by 240.9% during the second quarter. CWM LLC now owns 433 shares of the company’s stock worth $30,000 after buying an additional 306 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Ingles Markets during the second quarter worth about $69,000. Signaturefd LLC increased its holdings in Ingles Markets by 101.0% in the 2nd quarter. Signaturefd LLC now owns 1,003 shares of the company’s stock valued at $69,000 after buying an additional 504 shares during the period. Finally, Innealta Capital LLC acquired a new position in shares of Ingles Markets in the 2nd quarter valued at approximately $74,000. Institutional investors own 62.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Ingles Markets from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 21st.

Ingles Markets Price Performance

Ingles Markets stock opened at $73.34 on Friday. The stock has a fifty day moving average of $67.63 and a 200-day moving average of $70.95. The stock has a market capitalization of $1.39 billion, a P/E ratio of 8.73 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 2.99. Ingles Markets, Incorporated has a 52 week low of $59.73 and a 52 week high of $89.59.

Ingles Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 10th were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.90%. Ingles Markets’s payout ratio is currently 7.86%.

Ingles Markets Company Profile

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.