Villanova Investment Management Co LLC Purchases 19,751 Shares of MGP Ingredients, Inc. $MGPI

Villanova Investment Management Co LLC boosted its position in shares of MGP Ingredients, Inc. (NASDAQ:MGPI) by 36.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 73,325 shares of the company’s stock after acquiring an additional 19,751 shares during the period. Villanova Investment Management Co LLC’s holdings in MGP Ingredients were worth $1,774,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Osaic Holdings Inc. grew its position in MGP Ingredients by 130.3% in the second quarter. Osaic Holdings Inc. now owns 935 shares of the company’s stock worth $28,000 after acquiring an additional 529 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of MGP Ingredients by 278.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,883 shares of the company’s stock valued at $56,000 after purchasing an additional 1,386 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of MGP Ingredients by 382.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,811 shares of the company’s stock worth $92,000 after purchasing an additional 3,021 shares during the period. State of Wyoming bought a new position in shares of MGP Ingredients during the 2nd quarter valued at approximately $117,000. Finally, CWM LLC raised its holdings in MGP Ingredients by 102.1% during the 2nd quarter. CWM LLC now owns 4,145 shares of the company’s stock valued at $124,000 after buying an additional 2,094 shares during the period. Hedge funds and other institutional investors own 77.11% of the company’s stock.

MGP Ingredients Stock Up 1.5%

Shares of MGP Ingredients stock opened at $25.93 on Monday. The company has a quick ratio of 0.69, a current ratio of 2.78 and a debt-to-equity ratio of 0.31. The company has a market cap of $552.05 million, a P/E ratio of -38.70 and a beta of 0.42. The firm’s 50 day moving average price is $24.94 and its 200-day moving average price is $25.53. MGP Ingredients, Inc. has a 52-week low of $21.67 and a 52-week high of $35.49.

Analysts Set New Price Targets

A number of research analysts have weighed in on MGPI shares. TD Cowen cut their price objective on shares of MGP Ingredients from $27.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MGP Ingredients in a research note on Thursday, January 22nd. Wall Street Zen downgraded shares of MGP Ingredients from a “buy” rating to a “hold” rating in a research report on Sunday. Zacks Research cut shares of MGP Ingredients from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Finally, Benchmark began coverage on shares of MGP Ingredients in a research note on Thursday, January 22nd. They set a “buy” rating and a $35.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.60.

Insider Transactions at MGP Ingredients

In other news, Director Karen Seaberg sold 181,095 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $24.24, for a total transaction of $4,389,742.80. Following the transaction, the director directly owned 37,417 shares of the company’s stock, valued at approximately $906,988.08. This represents a 82.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 304,535 shares of company stock valued at $7,509,168 over the last 90 days. 34.40% of the stock is currently owned by insiders.

MGP Ingredients Company Profile

MGP Ingredients, Inc (NASDAQ: MGPI) is a leading producer of distilled spirits and specialty ingredient solutions for the food, beverage and consumer products industries. Headquartered in Atchison, Kansas, the company operates two main facilities—its historic Atchison plant, founded in 1941 as Midwest Grain Products, and a modern distillery in Lawrenceburg, Indiana. MGP Ingredients supplies an array of distillation products under its beverage and ingredient segments, serving brand owners, private-label producers and co-packers worldwide.

The beverage segment features a broad portfolio of premium spirits, including bourbon and rye whiskies, vodka, gin and neutral spirits.