Today, the VP & CFO of MGP Ingredients (MGPI), Thomas K. Pigott, bought shares of MGPI for $65.91K.
This recent transaction increases Thomas K. Pigott’s holding in the company by 3.29% to a total of $2.18 million.
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Based on MGP Ingredients’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $95.03 million and quarterly net profit of $8.83 million. In comparison, last year the company earned revenue of $86.33 million and had a net profit of $13.72 million. MGPI’s market cap is $1.16B and the company has a P/E ratio of 30.89. Currently, MGP Ingredients has an average volume of 116.9K.
The insider sentiment on MGP Ingredients has been neutral according to 63 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
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MGP Ingredients, Inc. engages in the manufacture and trade of food, beverage, specialty wheat protein, and starch food ingredients. It operates through the Distillery Products and Ingredient Solutions segment. The Distillery Products segment consists of food grade alcohol and distillery co-products, such as distillers feed and fuel grade alcohol.
