Janney Montgomery Scott LLC Decreases Stake in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Janney Montgomery Scott LLC trimmed its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,443 shares of the company’s stock after selling 655 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ingles Markets were worth $1,124,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of IMKTA. GAMMA Investing LLC raised its stake in shares of Ingles Markets by 413.9% in the 3rd quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock valued at $30,000 after purchasing an additional 327 shares in the last quarter. CWM LLC lifted its holdings in Ingles Markets by 75.5% during the 3rd quarter. CWM LLC now owns 760 shares of the company’s stock worth $57,000 after buying an additional 327 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Ingles Markets in the 4th quarter valued at approximately $96,000. Caprock Group LLC acquired a new stake in shares of Ingles Markets during the 3rd quarter valued at approximately $203,000. Finally, Captrust Financial Advisors bought a new position in Ingles Markets during the third quarter worth $206,000. Institutional investors and hedge funds own 62.54% of the company’s stock.

Ingles Markets Stock Up 1.2 %

NASDAQ:IMKTA opened at $66.91 on Wednesday. The company has a current ratio of 2.89, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average of $66.78 and a 200-day moving average of $69.28. The firm has a market capitalization of $1.27 billion, a PE ratio of 12.06 and a beta of 0.75. Ingles Markets, Incorporated has a 52 week low of $59.73 and a 52 week high of $82.77.

Ingles Markets (NASDAQ:IMKTA) last issued its earnings results on Friday, December 27th. The company reported ($0.08) earnings per share for the quarter. Ingles Markets had a return on equity of 6.90% and a net margin of 1.87%.

Ingles Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, January 10th. Ingles Markets’s payout ratio is 11.89%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Ingles Markets from a “hold” rating to a “buy” rating in a report on Monday, December 30th.

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.