Insider Selling: MGP Ingredients, Inc. (NASDAQ:MGPI) Director Sells 4,020 Shares of Stock

MGP Ingredients, Inc. (NASDAQ:MGPI) Director Karen Seaberg sold 4,020 shares of the business’s stock in a transaction on Monday, September 13th. The stock was sold at an average price of $63.25, for a total transaction of $254,265.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Karen Seaberg also recently made the following trade(s):

  • On Friday, September 10th, Karen Seaberg sold 3,000 shares of MGP Ingredients stock. The shares were sold at an average price of $65.23, for a total transaction of $195,690.00.
  • On Tuesday, August 10th, Karen Seaberg sold 3,221 shares of MGP Ingredients stock. The stock was sold at an average price of $66.99, for a total transaction of $215,774.79.
  • On Monday, July 12th, Karen Seaberg sold 3,234 shares of MGP Ingredients stock. The stock was sold at an average price of $65.32, for a total transaction of $211,244.88.

Shares of MGP Ingredients stock opened at $63.01 on Friday. MGP Ingredients, Inc. has a 12-month low of $37.12 and a 12-month high of $76.68. The company has a quick ratio of 1.45, a current ratio of 4.24 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.38 billion, a P/E ratio of 20.26 and a beta of 1.45. The stock has a 50 day moving average price of $63.85 and a two-hundred day moving average price of $64.57.

MGP Ingredients (NASDAQ:MGPI) last posted its quarterly earnings data on Wednesday, August 4th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.84. MGP Ingredients had a return on equity of 19.64% and a net margin of 11.74%. Sell-side analysts anticipate that MGP Ingredients, Inc. will post 3.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Friday, August 20th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, August 19th. This represents a $0.48 annualized dividend and a yield of 0.76%. MGP Ingredients’s dividend payout ratio (DPR) is currently 19.12%.

Hedge funds have recently modified their holdings of the stock. Marshall Wace North America L.P. bought a new position in MGP Ingredients in the first quarter worth $37,000. Captrust Financial Advisors raised its stake in MGP Ingredients by 946.0% during the first quarter. Captrust Financial Advisors now owns 523 shares of the company’s stock worth $31,000 after acquiring an additional 473 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in MGP Ingredients during the second quarter worth $45,000. Alpha Paradigm Partners LLC acquired a new position in MGP Ingredients during the first quarter worth $130,000. Finally, US Bancorp DE raised its stake in MGP Ingredients by 18.0% during the first quarter. US Bancorp DE now owns 2,641 shares of the company’s stock worth $156,000 after acquiring an additional 403 shares in the last quarter. 75.25% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of MGP Ingredients from a “hold” rating to a “strong-buy” rating and set a $76.00 price objective for the company in a research note on Thursday, August 12th.

About MGP Ingredients

MGP Ingredients, Inc engages in the manufacture and trade of food, beverage, specialty wheat protein and starch food ingredients. It operates through the following segments: Distillery Products and Ingredient Solutions. The Distillery Products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol.

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Insider Buying and Selling by Quarter for MGP Ingredients (NASDAQ:MGPI)

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