1 week Ago By ABMN Staff
Corebridge Financial Inc. decreased its stake in MGP Ingredients, Inc. ( NASDAQ:MGPI – Free Report ) by 7.
2% during the 4th quarter, HoldingsChannel reports. The firm owned 7,537 shares of the company’s stock after selling 589 shares during the period. Corebridge Financial Inc.
’s holdings in MGP Ingredients were worth $297,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MGPI. Janus Henderson Group PLC increased its position in MGP Ingredients by 15.
8% in the third quarter. Janus Henderson Group PLC now owns 23,028 shares of the company’s stock worth $1,917,000 after buying an additional 3,148 shares during the period. Quantinno Capital Management LP bought a new position in shares of MGP Ingredients during the third quarter worth about $235,000.
Stifel Financial Corp increased its holdings in shares of MGP Ingredients by 39.9% in the 3rd quarter. Stifel Financial Corp now owns 11,940 shares of the company’s stock worth $994,000 after acquiring an additional 3,406 shares during the period.
State Street Corp lifted its position in MGP Ingredients by 22.4% in the 3rd quarter. State Street Corp now owns 717,675 shares of the company’s stock valued at $59,746,000 after purchasing an additional 131,542 shares during the last quarter.
Finally, MML Investors Services LLC boosted its stake in MGP Ingredients by 28.2% during the 3rd quarter. MML Investors Services LLC now owns 4,920 shares of the company’s stock valued at $410,000 after purchasing an additional 1,083 shares during the period.
Institutional investors and hedge funds own 77.11% of the company’s stock. Insider Buying and Selling at MGP Ingredients In other news, Director Karen Seaberg sold 28,304 shares of the stock in a transaction on Thursday, March 13th.
The stock was sold at an average price of $30.82, for a total transaction of $872,329.28.
Following the completion of the sale, the director now owns 283,569 shares in the company, valued at approximately $8,739,596.58. This represents a 9.
08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . 36.
20% of the stock is owned by corporate insiders. Analyst Ratings Changes Check Out Our Latest Stock Analysis on MGPI MGP Ingredients Stock Down 2.8 % Shares of MGPI stock opened at $28.
02 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.
94 and a current ratio of 6.46. The stock has a market cap of $595.
99 million, a PE ratio of 5.83 and a beta of 0.61.
The business’s fifty day moving average is $31.07 and its 200-day moving average is $43.93.
MGP Ingredients, Inc. has a 1 year low of $25.12 and a 1 year high of $92.
52. MGP Ingredients Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.
12 dividend. This represents a $0.48 annualized dividend and a yield of 1.
71%. The ex-dividend date of this dividend was Friday, March 14th. MGP Ingredients’s dividend payout ratio (DPR) is presently 31.
79%. MGP Ingredients Profile ( Free Report ) 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.
Recommended Stories Want to see what other hedge funds are holding MGPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MGP Ingredients, Inc. ( NASDAQ:MGPI – Free Report ).
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