Isthmus Partners LLC Acquires 385 Shares of MGP Ingredients, Inc. (NASDAQ:MGPI)

Isthmus Partners LLC grew its position in shares of MGP Ingredients, Inc. (NASDAQ:MGPI) by 1.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 28,350 shares of the company’s stock after acquiring an additional 385 shares during the quarter. Isthmus Partners LLC’s holdings in MGP Ingredients were worth $1,918,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. purchased a new stake in MGP Ingredients in the first quarter worth $37,000. Captrust Financial Advisors increased its stake in shares of MGP Ingredients by 946.0% during the first quarter. Captrust Financial Advisors now owns 523 shares of the company’s stock valued at $31,000 after buying an additional 473 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in shares of MGP Ingredients during the second quarter valued at $45,000. Alpha Paradigm Partners LLC purchased a new position in shares of MGP Ingredients during the first quarter valued at $130,000. Finally, US Bancorp DE increased its stake in shares of MGP Ingredients by 18.0% during the first quarter. US Bancorp DE now owns 2,641 shares of the company’s stock valued at $156,000 after buying an additional 403 shares during the period. Institutional investors own 75.25% of the company’s stock.

NASDAQ MGPI traded up $0.23 during trading on Wednesday, hitting $63.22. The company’s stock had a trading volume of 60 shares, compared to its average volume of 111,798. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.24 and a quick ratio of 1.45. The company has a market cap of $1.39 billion, a PE ratio of 20.25 and a beta of 1.45. The business’s 50 day simple moving average is $63.96 and its 200-day simple moving average is $64.61. MGP Ingredients, Inc. has a fifty-two week low of $37.12 and a fifty-two week high of $76.68.

MGP Ingredients (NASDAQ:MGPI) last issued its quarterly earnings results on Wednesday, August 4th. The company reported $1.27 earnings per share for the quarter, topping 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%. Analysts expect that MGP Ingredients, Inc. will post 3.03 EPS for the current fiscal year.

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

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

In other news, Director Karen Seaberg sold 3,221 shares of the firm’s stock in a transaction dated Tuesday, August 10th. The stock was sold at an average price of $66.99, for a total value of $215,774.79. Following the completion of the transaction, the director now directly owns 2,687 shares in the company, valued at $180,002.13. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lori L.S. Mingus sold 557 shares of the firm’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $64.55, for a total value of $35,954.35. Following the completion of the transaction, the director now owns 3,092 shares of the company’s stock, valued at $199,588.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,012 shares of company stock valued at $658,664. Company insiders own 36.00% of the company’s stock.

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

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