Karen Seaberg Sells 3,000 Shares of MGP Ingredients, Inc. (NASDAQ:MGPI) Stock

MGP Ingredients, Inc. (NASDAQ:MGPI) Director Karen Seaberg sold 3,000 shares of the business’s stock in a transaction on Monday, October 11th. The shares were sold at an average price of $68.88, for a total transaction of $206,640.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Monday, September 13th, Karen Seaberg sold 4,020 shares of MGP Ingredients stock. The shares were sold at an average price of $63.25, for a total transaction of $254,265.00.
  • 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.

Shares of NASDAQ MGPI opened at $66.26 on Thursday. The firm’s 50-day moving average price is $65.39 and its 200-day moving average price is $64.87. The company has a current ratio of 4.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 21.31 and a beta of 1.45. MGP Ingredients, Inc. has a 12-month low of $38.51 and a 12-month high of $76.68.

MGP Ingredients (NASDAQ:MGPI) last announced its earnings results on Wednesday, August 4th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.84. The firm had revenue of $174.94 million for the quarter, compared to analysts’ expectations of $95.80 million. MGP Ingredients had a net margin of 11.74% and a return on equity of 19.64%. On average, equities analysts predict that MGP Ingredients, Inc. will post 3.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Friday, August 20th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, August 19th. This represents a $0.48 annualized dividend and a yield of 0.72%. MGP Ingredients’s payout ratio is 19.12%.

Separately, Zacks Investment Research cut shares of MGP Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Saturday, October 9th.

Large investors have recently modified their holdings of the stock. Axiom Investment Management LLC bought a new position in MGP Ingredients during the 1st quarter valued at about $1,366,000. Principal Financial Group Inc. grew its holdings in MGP Ingredients by 13.2% during the 2nd quarter. Principal Financial Group Inc. now owns 102,673 shares of the company’s stock valued at $6,945,000 after purchasing an additional 11,963 shares during the last quarter. American Century Companies Inc. grew its holdings in MGP Ingredients by 19.0% during the 2nd quarter. American Century Companies Inc. now owns 310,745 shares of the company’s stock valued at $21,019,000 after purchasing an additional 49,635 shares during the last quarter. Stifel Financial Corp grew its holdings in MGP Ingredients by 63.6% during the 1st quarter. Stifel Financial Corp now owns 16,492 shares of the company’s stock valued at $976,000 after purchasing an additional 6,409 shares during the last quarter. Finally, Manatuck Hill Partners LLC grew its holdings in MGP Ingredients by 988.2% during the 1st quarter. Manatuck Hill Partners LLC now owns 129,500 shares of the company’s stock valued at $7,660,000 after purchasing an additional 117,600 shares during the last quarter. Institutional investors own 75.25% of the company’s stock.

MGP Ingredients Company Profile

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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