Yousif Capital Management LLC Sells 690 Shares of MGP Ingredients, Inc. (NASDAQ:MGPI)

Yousif Capital Management LLC decreased its position in MGP Ingredients, Inc. (NASDAQ:MGPI) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,973 shares of the company’s stock after selling 690 shares during the quarter. Yousif Capital Management LLC’s holdings in MGP Ingredients were worth $588,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MGPI. Global Retirement Partners LLC grew its holdings in MGP Ingredients by 464.8% in the 4th quarter. Global Retirement Partners LLC now owns 401 shares of the company’s stock valued at $37,000 after buying an additional 330 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of MGP Ingredients by 99.9% in the third quarter. Quantbot Technologies LP now owns 1,641 shares of the company’s stock valued at $173,000 after acquiring an additional 820 shares in the last quarter. Cerity Partners LLC grew its stake in shares of MGP Ingredients by 9.3% in the fourth quarter. Cerity Partners LLC now owns 2,186 shares of the company’s stock valued at $215,000 after acquiring an additional 186 shares in the last quarter. Peterson Wealth Services bought a new position in MGP Ingredients during the fourth quarter worth about $221,000. Finally, Insigneo Advisory Services LLC acquired a new stake in MGP Ingredients in the 3rd quarter worth about $261,000. Institutional investors own 77.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wedbush restated an “outperform” rating and set a $120.00 target price on shares of MGP Ingredients in a research report on Monday, April 29th. Roth Mkm reduced their price target on MGP Ingredients from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday. Finally, StockNews.com cut MGP Ingredients from a “hold” rating to a “sell” rating in a report on Friday, April 26th.

MGP Ingredients Price Performance

MGPI stock opened at $80.62 on Monday. The company’s 50-day moving average price is $81.84 and its two-hundred day moving average price is $88.61. MGP Ingredients, Inc. has a 12 month low of $75.78 and a 12 month high of $124.96. The company has a quick ratio of 1.47, a current ratio of 6.32 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1.77 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.19 and a beta of 0.75.

MGP Ingredients (NASDAQ:MGPI) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.07. MGP Ingredients had a net margin of 11.91% and a return on equity of 14.78%. The business had revenue of $170.56 million for the quarter, compared to analysts’ expectations of $170.31 million. During the same period last year, the firm posted $1.39 earnings per share. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. On average, analysts anticipate that MGP Ingredients, Inc. will post 6.18 earnings per share for the current fiscal year.

MGP Ingredients Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.48 annualized dividend and a dividend yield of 0.60%. MGP Ingredients’s dividend payout ratio is currently 11.09%.

Insider Activity at MGP Ingredients

In other MGP Ingredients news, VP Erika Lapish bought 500 shares of the stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $77.86 per share, with a total value of $38,930.00. Following the completion of the purchase, the vice president now owns 550 shares in the company, valued at $42,823. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 36.20% of the stock is currently owned by insiders.

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.