Ingles Markets, Incorporated (NASDAQ:IMKTA) Short Interest Update

Ingles Markets, Incorporated (NASDAQ:IMKTA – Get Rating ) saw a large decline in short interest during the month of October. There was a total of 415 thousand 100 shares of short interest on October 31st, which was a 10.3% decrease from 462 thousand 700 shares on October 15th. Based on an average daily trading volume of 97,400 shares, the day-to-day ratio is currently 4.3 days.

Performance of English Stock Markets

NASDAQ:IMKTA opened at $96.64 on Wednesday. The stock has a 50-day moving average of $87.63 and a 200-day moving average of $90.03. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 6.69 and a beta of 0.66. Ingles Markets has a 1-year low of $74.63 and a 1-year high of $102.88. The company has a debt ratio of 0.47, a current ratio of 2.44 and a quick ratio of 1.13.

Ingles Markets Announces Dividend

The business also last disclosed a quarterly dividend, which was paid on Thursday, October 13th. Shares of the record were issued a $0.165 dividend on Thursday, October 6th. The previous distribution date for this distribution was Wednesday, October 5. This represents an annual dividend of $0.66 and a yield of 0.68%. Ingles Markets’ current payout ratio is 4.57%.

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Analysts Set New Price Targets

Separately, StockNews.com began coverage on Ingles Markets in a research report on Wednesday, October 12th. They issued a “strong-buy” rating for the company.

Institutional Trading of English Markets

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein LP lifted its position in Ingles Markets by 32.1% in the third quarter. Alliancebernstein LP now owns 17,700 shares of the company’s stock valued at $1,402,000 after buying an additional 4,300 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Ingles Markets during the third quarter worth about $574,000. Vanguard Group Inc. boosted its stake in shares of Ingles Markets by 1.3% in the third quarter. Vanguard Group Inc. now owns 1,212,017 shares of the company’s stock valued at $96,004,000 after purchasing an additional 15,239 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Ingles Markets by 19.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 5,801 shares of the company’s stock valued at $460,000 after buying an additional 933 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Ingles Markets during the third quarter worth approximately $1,735,000. Institutional investors own 65.23 percent of the company.

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Ingles Markets Company Profile

(Get Rating)

Ingles Markets, Incorporated operates a chain of supermarkets in the southeastern United States. It offers food products, including groceries, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel stations, pharmacies, health care and beauty products, and general merchandise, as well as private label items.

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