Insider Buying: George W. Page, Jr. Purchases 1,000 Shares of MGP Ingredients Stock (MGPI)
MGP Ingredients (NASDAQ:MGPI) Director George W. Page, Jr. acquired 1,000 shares of MGP Ingredients stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $9.35 per share, with a total value of $9,350.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $74,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of MGP Ingredients (NASDAQ:MGPI) traded up 4.15% during mid-day trading on Friday, hitting $9.79. 60,268 shares of the company’s stock traded hands. MGP Ingredients has a 52-week low of $4.30 and a 52-week high of $10.20. The stock has a 50-day moving average of $8.10 and a 200-day moving average of $6.73. The company has a market cap of $172.6 million and a P/E ratio of 57.32.
MGP Ingredients, Inc is a holding company operates through its subsidiaries MGPI Processing, Inc (NASDAQ:MGPI) and MGPI of Indiana, LLC.
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