MGP Ingredients Director Purchases $22,775 in Stock (MGPI)
MGP Ingredients (NASDAQ:MGPI) Director George W. Page, Jr. purchased 2,500 shares of MGP Ingredients stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average cost of $9.11 per share, for a total transaction of $22,775.00. Following the transaction, the director now directly owns 7,000 shares in the company, valued at approximately $63,770. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
MGP Ingredients (NASDAQ:MGPI) traded up 2.77% during mid-day trading on Friday, hitting $9.66. 45,493 shares of the company’s stock traded hands. MGP Ingredients has a one year low of $4.30 and a one year high of $10.20. The stock’s 50-day moving average is $8.10 and its 200-day moving average is $6.73. The company has a market cap of $170.4 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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