Maverick Capital Ltd. Boosts Stock Holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA)

Maverick Capital Ltd. grew its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 55.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 28,489 shares of the company’s stock after acquiring an additional 10,193 shares during the period. Maverick Capital Ltd.’s holdings in Ingles Markets were worth $2,125,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of Ingles Markets by 413.9% in the 3rd quarter. GAMMA Investing LLC now owns 406 shares of the company’s stock worth $30,000 after buying an additional 327 shares during the last quarter. CWM LLC grew its holdings in shares of Ingles Markets by 240.9% during the second quarter. CWM LLC now owns 433 shares of the company’s stock worth $30,000 after buying an additional 306 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Ingles Markets during the second quarter worth $69,000. Signaturefd LLC grew its holdings in shares of Ingles Markets by 101.0% during the second quarter. Signaturefd LLC now owns 1,003 shares of the company’s stock worth $69,000 after buying an additional 504 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Ingles Markets in the second quarter valued at about $74,000. Institutional investors own 62.54% of the company’s stock.

Ingles Markets Stock Up 0.8 %

Shares of NASDAQ:IMKTA opened at $73.90 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.99 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 8.80 and a beta of 0.72. The firm’s 50 day moving average price is $67.65 and its 200 day moving average price is $70.95. Ingles Markets, Incorporated has a fifty-two week low of $59.73 and a fifty-two week high of $89.59.

Ingles Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.89%. Ingles Markets’s dividend payout ratio (DPR) is presently 7.86%.

Analyst Ratings Changes

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

Ingles Markets Company 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.