Insider Buying: George W. Page, Jr. Acquires 1,500 Shares of MGP Ingredients Stock (MGPI)
MGP Ingredients (NASDAQ:MGPI) Director George W. Page, Jr. bought 1,500 shares of MGP Ingredients stock on the open market in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of $11.34 per share, for a total transaction of $17,010.00. Following the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $90,720. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
MGP Ingredients (NASDAQ:MGPI) traded up 2.05% during mid-day trading on Wednesday, hitting $11.96. The stock had a trading volume of 83,112 shares. MGP Ingredients has a 52-week low of $4.30 and a 52-week high of $11.93. The stock’s 50-day moving average is $8.35 and its 200-day moving average is $6.85. The company has a market cap of $210.9 million and a price-to-earnings ratio of 71.46.
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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