AQR Capital Management LLC Has $1.59 Million Stake in Ingles Markets, Incorporated (NASDAQ:IMKTA)

AQR Capital Management LLC increased its stake in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 26.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 36,876 shares of the company’s stock after buying an additional 7,619 shares during the period. AQR Capital Management LLC owned about 0.18% of Ingles Markets, worth $1,591,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Adams Diversified Equity Fund Inc. boosted its position in Ingles Markets, by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 21,100 shares of the company’s stock valued at $910,000 after buying an additional 600 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in Ingles Markets, during the fourth quarter valued at about $527,000. Teachers Advisors LLC boosted its position in Ingles Markets, by 11.7% in the fourth quarter. Teachers Advisors LLC now owns 23,828 shares of the company’s stock valued at $1,146,000 after buying an additional 2,496 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in Ingles Markets, by 4.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,854 shares of the company’s stock valued at $468,000 after buying an additional 500 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Ingles Markets, by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 127,118 shares of the company’s stock valued at $5,485,000 after buying an additional 7,052 shares in the last quarter. 58.88% of the stock is owned by hedge funds and other institutional investors.

Ingles Markets, Incorporated (IMKTA) traded down 1.86% on Wednesday, hitting $28.95. The stock had a trading volume of 4,066 shares. The company’s 50-day moving average is $31.60 and its 200-day moving average is $40.52. Ingles Markets, Incorporated has a one year low of $28.42 and a one year high of $52.40. The stock has a market cap of $586.50 million, a P/E ratio of 11.77 and a beta of 0.60.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Stockholders of record on Thursday, July 6th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Monday, July 3rd. Ingles Markets,’s payout ratio is 26.83%.

Several research firms have recently issued reports on IMKTA. Zacks Investment Research raised Ingles Markets, from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. TheStreet cut Ingles Markets, from a “b” rating to a “c+” rating in a research report on Thursday, June 15th.

About Ingles Markets,

Ingles Markets, Incorporated (Ingles) is a supermarket chain in the southeast United States. The Company’s segments include retail grocery and other. Its other segment consists of fluid dairy operations and shopping center rentals. As of September 24, 2016, the Company operated 201 supermarkets in Georgia, North Carolina, South Carolina, Tennessee, Virginia and Alabama.