Sharp Laura Ingle Sells 5,901 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) Stock

Ingles Markets, Incorporated (NASDAQ:IMKTA) Director Sharp Laura Ingle sold 5,901 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.02, for a total value of $401,386.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Sharp Laura Ingle also recently made the following trade(s):

• On Monday, June 24th, Sharp Laura Ingle sold 4,799 shares of Ingles Markets stock. The shares were sold at an average price of $70.38, for a total value of $337,753.62.
• On Monday, June 10th, Sharp Laura Ingle sold 6,000 shares of Ingles Markets stock. The stock was sold at an average price of $70.25, for a total transaction of $421,500.00.

Ingles Markets Stock Performance

NASDAQ IMKTA traded up $0.21 during trading on Friday, hitting $68.61. 209,649 shares of the company’s stock traded hands, compared to its average volume of 85,044. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 3.20. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 7.40 and a beta of 0.67. Ingles Markets, Incorporated has a 12-month low of $67.10 and a 12-month high of $89.59. The business has a 50 day moving average of $71.90 and a 200-day moving average of $77.19.

Ingles Markets (NASDAQ:IMKTA) last announced its quarterly earnings results on Thursday, May 9th. The company reported $1.68 earnings per share for the quarter. Ingles Markets had a return on equity of 11.97% and a net margin of 3.00%. The firm had revenue of $1.37 billion for the quarter.

Ingles Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 11th were paid a $0.165 dividend. The ex-dividend date was Wednesday, April 10th. This represents a $0.66 dividend on an annualized basis and a yield of 0.96%. Ingles Markets’s dividend payout ratio is currently 7.12%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC raised its position in Ingles Markets by 30.1% during the fourth quarter. Quadrant Capital Group LLC now owns 735 shares of the company’s stock valued at $63,000 after purchasing an additional 170 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Ingles Markets during the 4th quarter valued at about $78,000. Russell Investments Group Ltd. lifted its position in Ingles Markets by 3,487.5% in the 1st quarter. Russell Investments Group Ltd. now owns 2,583 shares of the company’s stock worth $198,000 after buying an additional 2,511 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new stake in Ingles Markets in the fourth quarter worth approximately $207,000. Finally, Leuthold Group LLC bought a new position in Ingles Markets during the fourth quarter valued at approximately $210,000. Hedge funds and other institutional investors own 62.54% 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.