DGS Capital Management LLC Buys 3,802 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

DGS Capital Management LLC increased its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 20.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,977 shares of the company’s stock after buying an additional 3,802 shares during the period. DGS Capital Management LLC’s holdings in Ingles Markets were worth $1,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWM LLC lifted its stake in shares of Ingles Markets by 240.9% in 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. GAMMA Investing LLC increased its holdings in Ingles Markets by 413.9% in the 3rd quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 327 shares in the last quarter. Franklin Resources Inc. increased its holdings in Ingles Markets by 5.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,933 shares of the company’s stock worth $517,000 after buying an additional 378 shares in the last quarter. Sei Investments Co. raised its position in Ingles Markets by 12.1% in the 2nd quarter. Sei Investments Co. now owns 3,844 shares of the company’s stock worth $264,000 after buying an additional 416 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Ingles Markets by 9.5% during the 2nd quarter. Inspire Investing LLC now owns 5,170 shares of the company’s stock valued at $355,000 after acquiring an additional 447 shares during the period. 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 report on Saturday, September 21st.

Ingles Markets Stock Performance

Shares of IMKTA traded down $0.57 on Friday, reaching $69.80. The company’s stock had a trading volume of 5,486 shares, compared to its average volume of 101,853. Ingles Markets, Incorporated has a 12-month low of $59.73 and a 12-month high of $89.59. The stock has a market capitalization of $1.33 billion, a P/E ratio of 8.38 and a beta of 0.74. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.99 and a quick ratio of 1.49. The stock’s 50 day simple moving average is $67.68 and its two-hundred day simple moving average is $70.74.

Ingles Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 10th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, October 10th. Ingles Markets’s dividend payout ratio is presently 7.86%.

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.