Kirr Marbach & Co. LLC IN Makes New $10.74 Million Investment in Midera Food Processing $MFP

Kirr Marbach & Co. LLC IN bought a new position in Midera Food Processing (NASDAQ:MFP) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 263,172 shares of the company’s stock, valued at approximately $10,743,000. Midera Food Processing accounts for approximately 2.1% of Kirr Marbach & Co. LLC IN’s investment portfolio, making the stock its 20th biggest holding.

Separately, Fort Washington Investment Advisors Inc. OH bought a new stake in Midera Food Processing in the third quarter valued at approximately $27,924,000.

Insider Buying and Selling

In other Midera Food Processing news, Director Robert Nerbonne purchased 10,900 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average price of $45.05 per share, with a total value of $491,045.00. Following the completion of the purchase, the director directly owned 32,371 shares of the company’s stock, valued at $1,458,313.55. The trade was a 50.77% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Midera Food Processing Trading Up 4.5%

NASDAQ MFP opened at $41.84 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.15. Midera Food Processing has a fifty-two week low of $33.00 and a fifty-two week high of $52.58. The stock has a 50 day simple moving average of $43.59.

Wall Street Analysts Forecast Growth

MFP has been the topic of several recent analyst reports. Robert W. Baird began coverage on shares of Midera Food Processing in a report on Wednesday, July 8th. They issued a “neutral” rating and a $40.00 target price on the stock. Oppenheimer began coverage on shares of Midera Food Processing in a report on Wednesday, July 15th. They set an “outperform” rating and a $50.00 price target for the company. KeyCorp initiated coverage on shares of Midera Food Processing in a research report on Tuesday, August 25th. They set a “sector weight” rating for the company. Zacks Research raised shares of Midera Food Processing to a “hold” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen raised shares of Midera Food Processing to a “hold” rating in a report on Saturday, August 1st. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.00.

Midera Food Processing Company Profile

Midera Food Processing Inc provides food processing solutions. The Company specializes in the processing of raw material preparation and production and product packaging for retail and food service applications. Midera Food Processing Inc, formerly known as MINERA FOOD PRC, is based in Rosemont, Illinois.