Mgp Ingredients Inc (MGPI) Files Form 4 Insider Buying : Augustus C. Griffin Buys 3,000 Shares

Mgp Ingredients Inc (MGPI): Augustus C. Griffin , CEO of Mgp Ingredients Inc purchased 3,000 shares on Sep 9, 2016. The Insider buying transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $38.42 per share for a total value of $115,260.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 7, 2016, David E Rindom (Vice President) sold 14,435 shares at $40.62 per share price.On Sep 1, 2016, Stephen J Glaser (Vice President) sold 5,187 shares at $40.08 per share price.Also, On Mar 16, 2016, John P Bridendall (director) purchased 5,000 shares at $21.95 per share price.On Dec 21, 2015, Augustus C. Griffin (CEO) purchased 3,000 shares at $24.14 per share price.

MGP Ingredients Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in MGP Ingredients Inc which led to swings in the share price. The shares opened for trading at $38.24 and hit $39.2 on the upside , eventually ending the session at $38.98, with a gain of 1.78% or 0.68 points. The heightened volatility saw the trading volume jump to 162,531 shares. The 52-week high of the share price is $44.25 and the company has a market cap of $651 M . The 52-week low of the share price is at $15.

MGP Ingredients Inc Money Flow Index Chart

MGP Ingredients Inc. is a holding company with no operations of its own. The Company’s principal directly-owned operating subsidiaries are MGPI Processing Inc. and MGPI of Indiana LLC (MGPI-I). The Company through its subsidiaries produces distillery and ingredient products which are derived from corn rye and barley and wheat flour primarily to serve the packaged goods industry. The Company had two segments: distillery products and ingredient solutions. The distillery products segment consists of food grade alcohol along with fuel grade alcohol distillers feed and corn oil which are co-products of its distillery operations. Ingredient solutions segment consist of specialty starches and proteins commodity starch and vital wheat gluten (commodity protein).

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