MGP Ingredients, Inc. (NASDAQ:MGPI) Shares Bought by EAM Investors LLC

EAM Investors LLC lifted its holdings in MGP Ingredients, Inc. (NASDAQ:MGPI) by 75.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 40,654 shares of the company’s stock after purchasing an additional 17,545 shares during the period. EAM Investors LLC owned about 0.24% of MGP Ingredients worth $2,465,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of MGP Ingredients in the 3rd quarter worth approximately $128,000. Victory Capital Management Inc. lifted its position in shares of MGP Ingredients by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,165 shares of the company’s stock worth $111,000 after purchasing an additional 325 shares during the period. ETF Managers Group LLC purchased a new stake in shares of MGP Ingredients in the 2nd quarter worth approximately $134,000. Suntrust Banks Inc. purchased a new stake in shares of MGP Ingredients in the 2nd quarter worth approximately $208,000. Finally, Aperio Group LLC purchased a new stake in shares of MGP Ingredients in the 2nd quarter worth approximately $240,000.

Several equities research analysts have recently weighed in on MGPI shares. Zacks Investment Research raised shares of MGP Ingredients from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Tuesday, November 7th. SunTrust Banks reissued a “buy” rating on shares of MGP Ingredients in a research report on Friday, November 3rd. Finally, Stifel Nicolaus began coverage on shares of MGP Ingredients in a research report on Tuesday. They set a “hold” rating and a $73.00 target price for the company. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $71.75.

In other MGP Ingredients news, Director Karen Seaberg sold 2,492 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $73.05, for a total value of $182,040.60. Following the completion of the transaction, the director now owns 10,591 shares of the company’s stock, valued at $773,672.55. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Daryl Schaller sold 20,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $72.58, for a total transaction of $1,451,600.00. Following the completion of the transaction, the director now directly owns 2,851 shares of the company’s stock, valued at approximately $206,925.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,797 shares of company stock valued at $1,973,320. Corporate insiders own 23.50% of the company’s stock.

MGP Ingredients, Inc. (NASDAQ:MGPI) traded down $0.47 during trading hours on Thursday, reaching $74.28. 92,867 shares of the company were exchanged, compared to its average volume of 136,943. MGP Ingredients, Inc. has a 12 month low of $41.16 and a 12 month high of $78.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.45 and a quick ratio of 1.54. The stock has a market capitalization of $1,252.85, a PE ratio of 43.30, a price-to-earnings-growth ratio of 2.28 and a beta of 0.95.

MGP Ingredients (NASDAQ:MGPI) last posted its earnings results on Thursday, November 2nd. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.45. MGP Ingredients had a net margin of 10.56% and a return on equity of 18.70%. The company had revenue of $86.30 million during the quarter, compared to analysts’ expectations of $83.57 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. MGP Ingredients’s revenue for the quarter was up 8.0% compared to the same quarter last year. equities analysts anticipate that MGP Ingredients, Inc. will post 2.2 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 14th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.16 dividend on an annualized basis and a yield of 0.22%. MGP Ingredients’s payout ratio is 7.37%.

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About MGP Ingredients

MGP Ingredients, Inc is a producer and supplier of distilled spirits, and specialty wheat protein and starch food ingredients. The Company’s distilled spirits include bourbon and rye whiskeys, and grain neutral spirits, including vodka and gin. The Company’s segments include distillery products and ingredient solutions.

Institutional Ownership by Quarter for MGP Ingredients (NASDAQ:MGPI)

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