MGP Ingredients Inc. (NASDAQ:MGPI) Director Daryl Schaller sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $44.03, for a total transaction of $1,541,050.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

MGP Ingredients Inc. (NASDAQ:MGPI) opened at 48.39 on Tuesday. The firm has a 50-day moving average of $40.85 and a 200 day moving average of $37.44. The firm has a market cap of $806.08 million, a price-to-earnings ratio of 28.28 and a beta of 1.33. MGP Ingredients Inc. has a 1-year low of $18.42 and a 1-year high of $48.75.

MGP Ingredients (NASDAQ:MGPI) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.24. MGP Ingredients had a net margin of 9.02% and a return on equity of 22.96%. The firm had revenue of $79.90 million for the quarter, compared to analyst estimates of $84.48 million. The business’s quarterly revenue was down .2% on a year-over-year basis. Analysts expect that MGP Ingredients Inc. will post $1.64 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for MGP Ingredients (NASDAQ:MGPI)

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Monday, November 14th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend is Wednesday, November 9th. MGP Ingredients’s dividend payout ratio is currently 4.68%.

Separately, Zacks Investment Research lowered shares of MGP Ingredients from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 23rd.

MGP Ingredients Company Profile

MGP Ingredients, Inc is a holding company. The Company’s principal operating subsidiaries are MGPI Processing, Inc and MGPI of Indiana, LLC (MGPI-I). The Company produces and supplies distilled spirits, and wheat proteins and starches. The Company’s distilled spirits include bourbon and rye whiskeys, and grain neutral spirits, including vodka and gin.

5 Day Chart for NASDAQ:MGPI

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