Today, the VP & CFO of MGP Ingredients (NASDAQ: MGPI), Thomas K. Pigott, sold shares of MGPI for $141.7K.
Following Thomas K. Pigott’s last MGPI Sell transaction on August 31, 2017, the stock climbed by 22.8%. In addition to Thomas K. Pigott, one other MGPI executive reported Sell trades in the last month.
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Based on MGP Ingredients’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $88.25 million and quarterly net profit of $7.38 million. In comparison, last year the company earned revenue of $85.75 million and had a net profit of $6.19 million. MGPI’s market cap is $1.33B and the company has a P/E ratio of 31.36. Currently, MGP Ingredients has an average volume of 154K.
In the last 30 days, insiders have sold $141.7K worth of MGPI shares and purchased $723.6K worth of MGPI shares. The insider sentiment on MGP Ingredients has been positive according to 62 insider trades in the past three months. This sentiment is slightly 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.
