MGP Ingredients Inc (MGPI) : Country Club Trust Company N.a. has sold out all of its stake in MGP Ingredients Inc during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 6,400 shares of MGP Ingredients Inc which is valued at $265,728.
Other Hedge Funds, Including , Cutler Group Lp reduced its stake in MGPI by selling 3,312 shares or 67.62% in the most recent quarter. The Hedge Fund company now holds 1,586 shares of MGPI which is valued at $65,914.Raymond James Trust N.a. reduced its stake in MGPI by selling 4,856 shares or 11.33% in the most recent quarter. The Hedge Fund company now holds 37,985 shares of MGPI which is valued at $1,578,657. MGP Ingredients Inc makes up approx 0.14% of Raymond James Trust N.a.’s portfolio.Conestoga Capital Advisors boosted its stake in MGPI in the latest quarter, The investment management firm added 167,832 additional shares and now holds a total of 562,347 shares of MGP Ingredients Inc which is valued at $23,371,141. MGP Ingredients Inc makes up approx 1.61% of Conestoga Capital Advisors’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in MGPI in the latest quarter, The investment management firm added 584 additional shares and now holds a total of 1,076 shares of MGP Ingredients Inc which is valued at $45,461.
MGP Ingredients Inc opened for trading at $41.44 and hit $41.77 on the upside on Friday, eventually ending the session at $41.52, with a gain of 0.05% or 0.02 points. The heightened volatility saw the trading volume jump to 84,076 shares. Company has a market cap of $693 M.
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).