Renaissance Technologies LLC Has $9.36 Million Stake in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Renaissance Technologies LLC reduced its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 24.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,189 shares of the company’s stock after selling 46,169 shares during the quarter. Renaissance Technologies LLC owned about 0.76% of Ingles Markets worth $9,356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Barclays PLC grew its stake in Ingles Markets by 346.2% in the third quarter. Barclays PLC now owns 23,689 shares of the company’s stock valued at $1,768,000 after acquiring an additional 18,380 shares during the period. Franklin Resources Inc. grew its position 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 purchasing an additional 378 shares during the period. JPMorgan Chase & Co. increased its stake in Ingles Markets by 49.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 54,652 shares of the company’s stock worth $4,077,000 after purchasing an additional 18,141 shares in the last quarter. Jane Street Group LLC raised its holdings in Ingles Markets by 29.4% during the 3rd quarter. Jane Street Group LLC now owns 18,041 shares of the company’s stock worth $1,346,000 after buying an additional 4,101 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Ingles Markets by 3.7% in the third quarter. Geode Capital Management LLC now owns 399,190 shares of the company’s stock valued at $29,785,000 after buying an additional 14,264 shares in the last quarter. 62.54% of the stock is owned by institutional investors.

Ingles Markets Stock Performance

Shares of Ingles Markets stock opened at $62.09 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.24 and a quick ratio of 1.45. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 15.00 and a beta of 0.75. The stock’s 50-day moving average is $63.11 and its 200-day moving average is $65.37. Ingles Markets, Incorporated has a one year low of $58.92 and a one year high of $82.01.

Ingles Markets (NASDAQ:IMKTA) last released its earnings results on Thursday, February 6th. The company reported $0.87 EPS 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 announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 10th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.06%. The ex-dividend date was Thursday, April 10th. Ingles Markets’s payout ratio is 15.94%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Ingles Markets from a “buy” rating to a “hold” rating in a research 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.