MGP Ingredients Director Acquires $22,775 in Stock (MGPI)
MGP Ingredients (NASDAQ:MGPI) Director George W. Page, Jr. acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average price of $9.11 per share, with a total value of $22,775.00. Following the completion of the transaction, the director now directly owns 7,000 shares of the company’s stock, valued at approximately $63,770. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 1-year low of $4.30 and a 1-year high of $10.20. The stock has a 50-day moving average of $8.16 and a 200-day moving average of $6.76. 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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