Semanteon Capital Management LP Invests $404,000 in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Semanteon Capital Management LP purchased a new position in Ingles Markets, Incorporated (NASDAQ:IMKTA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,675 shares of the company’s stock, valued at approximately $404,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. River Road Asset Management LLC increased its holdings in Ingles Markets by 1.3% during the 4th quarter. River Road Asset Management LLC now owns 832,191 shares of the company’s stock worth $71,876,000 after purchasing an additional 10,900 shares during the period. Gamco Investors INC. ET AL increased its holdings in Ingles Markets by 1.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 542,920 shares of the company’s stock worth $40,898,000 after purchasing an additional 9,030 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Ingles Markets by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 287,270 shares of the company’s stock worth $21,640,000 after purchasing an additional 21,818 shares during the period. American Century Companies Inc. increased its holdings in Ingles Markets by 9.5% during the 3rd quarter. American Century Companies Inc. now owns 257,857 shares of the company’s stock worth $19,424,000 after purchasing an additional 22,400 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Ingles Markets by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 130,223 shares of the company’s stock worth $9,810,000 after purchasing an additional 2,064 shares during the period. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com downgraded Ingles Markets from a “strong-buy” rating to a “buy” rating in a report on Friday, February 9th. TheStreet downgraded Ingles Markets from a “b” rating to a “c+” rating in a report on Monday, February 26th.

Ingles Markets Stock Down 0.2 %

Shares of Ingles Markets stock traded down $0.15 during trading on Friday, reaching $72.71. The company’s stock had a trading volume of 50,641 shares, compared to its average volume of 81,640. The company has a 50-day simple moving average of $75.22 and a two-hundred day simple moving average of $79.98. Ingles Markets, Incorporated has a 1-year low of $72.17 and a 1-year high of $94.42. The company has a quick ratio of 1.45, a current ratio of 3.22 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 7.50 and a beta of 0.60.

Ingles Markets (NASDAQ:IMKTA) last announced its quarterly earnings data on Thursday, February 8th. The company reported $2.28 EPS for the quarter. Ingles Markets had a net margin of 3.14% and a return on equity of 12.92%. The business had revenue of $1.48 billion during the quarter.

Ingles Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 11th 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 was Wednesday, April 10th. Ingles Markets’s payout ratio is 6.79%.

Insider Buying and Selling at Ingles Markets

In other news, Director Sharp Laura Ingle sold 2,000 shares of Ingles Markets stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $76.00, for a total transaction of $152,000.00. Following the completion of the transaction, the director now directly owns 24,700 shares of the company’s stock, valued at approximately $1,877,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 8,000 shares of company stock worth $607,000. Company insiders own 23.10% of the company’s stock.

About Ingles Markets

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.