MGP Ingredients Director Acquires $22,775 in Stock (MGPI)
MGP Ingredients (NASDAQ:MGPI) Director George W. Page, Jr. bought 2,500 shares of MGP Ingredients stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $9.11 per share, for a total transaction of $22,775.00. Following the completion of the transaction, the director now directly owns 7,000 shares in the company, valued at approximately $63,770. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of MGP Ingredients (NASDAQ:MGPI) traded up 4.15% on Friday, hitting $9.79. The stock had a trading volume of 60,268 shares. MGP Ingredients has a 52-week low of $4.30 and a 52-week high of $10.20. The stock’s 50-day moving average is $8.16 and its 200-day moving average is $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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