Royce & Associates LP Sells 27,386 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Royce & Associates LP trimmed its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 6.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 407,000 shares of the company’s stock after selling 27,386 shares during the period. Royce & Associates LP’s holdings in Ingles Markets were worth $26,227,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IMKTA. Avidian Wealth Enterprises LLC increased its holdings in Ingles Markets by 2.1% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 7,443 shares of the company’s stock worth $480,000 after purchasing an additional 150 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Ingles Markets by 4.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company’s stock valued at $282,000 after acquiring an additional 187 shares during the period. Ballentine Partners LLC increased its holdings in shares of Ingles Markets by 7.5% in the 4th quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock valued at $291,000 after acquiring an additional 314 shares during the period. Franklin Resources Inc. increased its holdings in shares of Ingles Markets by 5.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,933 shares of the company’s stock valued at $517,000 after acquiring an additional 378 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Ingles Markets by 3.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,830 shares of the company’s stock valued at $1,852,000 after acquiring an additional 712 shares during the period. 62.54% of the stock is owned by institutional investors.

Ingles Markets Trading Down 0.3 %

Shares of NASDAQ:IMKTA opened at $61.59 on Monday. Ingles Markets, Incorporated has a 12-month low of $58.92 and a 12-month high of $82.01. The business’s fifty day simple moving average is $64.04 and its 200-day simple moving average is $67.05. The company has a market capitalization of $1.17 billion, a PE ratio of 14.88 and a beta of 0.71. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33.

Ingles Markets (NASDAQ:IMKTA) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.87 earnings per share for the quarter. Ingles Markets had a return on equity of 5.09% and a net margin of 1.45%.

Ingles Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th were given a $0.165 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.07%. Ingles Markets’s payout ratio is 15.94%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Ingles Markets from a “buy” rating to a “hold” rating in a report on Monday, February 10th.

Ingles Markets 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.