Villanova Investment Management Co LLC Trims Stake in MGP Ingredients, Inc. $MGPI

Villanova Investment Management Co LLC lowered its position in MGP Ingredients, Inc. (NASDAQ:MGPI) by 60.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,884 shares of the company’s stock after selling 28,812 shares during the period. MGP Ingredients makes up approximately 1.6% of Villanova Investment Management Co LLC’s investment portfolio, making the stock its 28th biggest holding. Villanova Investment Management Co LLC owned approximately 0.09% of MGP Ingredients worth $555,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group raised its holdings in shares of MGP Ingredients by 2,365.7% in the first quarter. Brooklyn Investment Group now owns 863 shares of the company’s stock worth $25,000 after buying an additional 828 shares during the period. Penserra Capital Management LLC grew its position in MGP Ingredients by 333.3% in the 1st quarter. Penserra Capital Management LLC now owns 897 shares of the company’s stock valued at $26,000 after acquiring an additional 690 shares during the last quarter. GAMMA Investing LLC grew its position in MGP Ingredients by 114.8% in the 1st quarter. GAMMA Investing LLC now owns 1,497 shares of the company’s stock valued at $44,000 after acquiring an additional 800 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in MGP Ingredients by 58.3% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,996 shares of the company’s stock worth $79,000 after purchasing an additional 735 shares during the period. Finally, CWM LLC boosted its stake in shares of MGP Ingredients by 127.4% during the first quarter. CWM LLC now owns 2,051 shares of the company’s stock valued at $60,000 after purchasing an additional 1,149 shares during the period. Institutional investors own 77.11% of the company’s stock.

MGP Ingredients Trading Down 2.7%

NASDAQ MGPI opened at $27.61 on Thursday. The stock has a market cap of $587.82 million, a PE ratio of -89.06 and a beta of 0.35. MGP Ingredients, Inc. has a 12 month low of $25.12 and a 12 month high of $86.60. The company’s 50-day moving average price is $29.73 and its 200-day moving average price is $30.04. The company has a current ratio of 2.91, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35.

MGP Ingredients (NASDAQ:MGPI) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.33. The company had revenue of $145.49 million during the quarter, compared to analyst estimates of $138.70 million. MGP Ingredients had a negative net margin of 1.08% and a positive return on equity of 10.66%. The firm’s revenue for the quarter was down 23.7% on a year-over-year basis. During the same quarter last year, the business posted $1.71 EPS. MGP Ingredients has set its FY 2025 guidance at 2.450-2.750 EPS. Equities research analysts forecast that MGP Ingredients, Inc. will post 5.56 earnings per share for the current year.

MGP Ingredients Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.48 annualized dividend and a yield of 1.7%. MGP Ingredients’s dividend payout ratio is -154.84%.

MGP Ingredients Company 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.