DGS Capital Management LLC Acquires 3,802 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

DGS Capital Management LLC boosted its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 20.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,977 shares of the company’s stock after buying an additional 3,802 shares during the period. DGS Capital Management LLC owned approximately 0.12% of Ingles Markets worth $1,640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CWM LLC increased its holdings in Ingles Markets by 240.9% during the 2nd quarter. CWM LLC now owns 433 shares of the company’s stock worth $30,000 after acquiring an additional 306 shares during the period. Diversified Trust Co boosted its position in shares of Ingles Markets by 67.6% during the 2nd quarter. Diversified Trust Co now owns 8,883 shares of the company’s stock valued at $609,000 after acquiring an additional 3,582 shares during the last quarter. Summit Global Investments grew its holdings in shares of Ingles Markets by 4.2% during the second quarter. Summit Global Investments now owns 12,177 shares of the company’s stock worth $835,000 after purchasing an additional 495 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ingles Markets by 59.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,927 shares of the company’s stock worth $201,000 after buying an additional 1,092 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Ingles Markets during the 2nd quarter valued at $74,000. Institutional investors own 62.54% of the company’s stock.

Analyst Ratings Changes

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

Ingles Markets Trading Down 0.8 %

NASDAQ:IMKTA traded down $0.57 during mid-day trading on Friday, reaching $69.80. 5,486 shares of the company’s stock traded hands, compared to its average volume of 101,853. The company has a 50 day moving average price of $67.68 and a 200-day moving average price of $70.74. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 8.38 and a beta of 0.74. 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 12-month low of $59.73 and a 12-month high of $89.59.

Ingles Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 10th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.66 annualized dividend and a yield of 0.95%. Ingles Markets’s payout ratio is 7.86%.

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.