Semanteon Capital Management LP Buys New Shares in MGP Ingredients, Inc. (NASDAQ:MGPI)

Semanteon Capital Management LP bought a new stake in shares of MGP Ingredients, Inc. (NASDAQ:MGPI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,080 shares of the company’s stock, valued at approximately $402,000.

Other large investors also recently modified their holdings of the company. Tudor Investment Corp Et Al purchased a new position in shares of MGP Ingredients during the 3rd quarter valued at $2,985,000. Victory Capital Management Inc. lifted its stake in shares of MGP Ingredients by 58.0% during the 3rd quarter. Victory Capital Management Inc. now owns 217,403 shares of the company’s stock valued at $22,932,000 after buying an additional 79,791 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of MGP Ingredients by 594.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 19,030 shares of the company’s stock valued at $1,875,000 after buying an additional 16,290 shares in the last quarter. KLR Investment Advisors LLC lifted its stake in shares of MGP Ingredients by 5.8% during the 3rd quarter. KLR Investment Advisors LLC now owns 2,911 shares of the company’s stock valued at $282,000 after buying an additional 159 shares in the last quarter. Finally, Peterson Wealth Services purchased a new position in shares of MGP Ingredients during the 4th quarter valued at $221,000. Hedge funds and other institutional investors own 77.11% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on MGPI shares. Roth Mkm reduced their price target on shares of MGP Ingredients from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday. Wedbush reiterated an “outperform” rating and issued a $120.00 price target on shares of MGP Ingredients in a report on Wednesday, April 10th. Finally, StockNews.com upgraded shares of MGP Ingredients from a “sell” rating to a “hold” rating in a report on Thursday, April 18th.

Insider Transactions at MGP Ingredients

In other news, VP Erika Lapish purchased 500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $77.86 per share, for a total transaction of $38,930.00. Following the acquisition, the vice president now owns 550 shares of the company’s stock, valued at approximately $42,823. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 28.70% of the company’s stock.

MGP Ingredients Price Performance

NASDAQ MGPI traded up $1.36 on Friday, reaching $80.54. The company had a trading volume of 167,790 shares, compared to its average volume of 207,539. The firm’s 50 day moving average price is $82.67 and its 200 day moving average price is $89.64. MGP Ingredients, Inc. has a 12 month low of $75.78 and a 12 month high of $124.96. The company has a quick ratio of 1.47, a current ratio of 4.51 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1.77 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 1.15 and a beta of 0.76.

MGP Ingredients (NASDAQ:MGPI) last posted its earnings results on Thursday, February 22nd. The company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.26. MGP Ingredients had a net margin of 12.72% and a return on equity of 16.03%. The firm had revenue of $214.90 million for the quarter, compared to the consensus estimate of $206.87 million. During the same period in the previous year, the firm posted $1.01 EPS. The business’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, equities analysts predict that MGP Ingredients, Inc. will post 6.18 earnings per share for the current year.

MGP Ingredients Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.60%. MGP Ingredients’s dividend payout ratio (DPR) is presently 10.00%.

MGP Ingredients Profile

MGP Ingredients, Inc, together with its subsidiaries, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally. The company operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions.