Insider Buying: MGP Ingredients Director Acquires 1,500 Shares of Stock (MGPI)
MGP Ingredients (NASDAQ:MGPI) Director George W. Page, Jr. purchased 1,500 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $11.34 per share, for a total transaction of $17,010.00. Following the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $90,720. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
MGP Ingredients (NASDAQ:MGPI) traded up 0.59% during mid-day trading on Friday, hitting $11.648. 6,770 shares of the company’s stock traded hands. MGP Ingredients has a 52-week low of $4.30 and a 52-week high of $12.19. The stock’s 50-day moving average is $8.56 and its 200-day moving average is $6.93. The company has a market cap of $205.4 million and a price-to-earnings ratio of 70.61.
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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