Victory Capital Management Inc. Buys 12,726 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Victory Capital Management Inc. lifted its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 36.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,901 shares of the company’s stock after buying an additional 12,726 shares during the period. Victory Capital Management Inc.’s holdings in Ingles Markets were worth $3,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Ingles Markets by 413.9% in the third quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock valued at $30,000 after buying an additional 327 shares during the period. CWM LLC lifted 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 purchasing an additional 306 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Ingles Markets during the second quarter worth $69,000. Signaturefd LLC lifted its stake in Ingles Markets by 101.0% during the second quarter. Signaturefd LLC now owns 1,003 shares of the company’s stock worth $69,000 after purchasing an additional 504 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in Ingles Markets during the second quarter worth $74,000. 62.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Ingles Markets Stock Up 2.6 %

NASDAQ IMKTA opened at $72.18 on Friday. The business has a fifty day moving average price of $67.58 and a two-hundred day moving average price of $70.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.99 and a quick ratio of 1.49. Ingles Markets, Incorporated has a fifty-two week low of $59.73 and a fifty-two week high of $89.59. The stock has a market capitalization of $1.37 billion, a PE ratio of 8.59 and a beta of 0.72.

Ingles Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 10th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, October 10th. Ingles Markets’s payout ratio is presently 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.