As Mgp Ingredients Inc New (NASDAQ:MGPI) Price Rose, Shareholder Cardinal Capital Management Llc Lowered Its Position

May 17, 2018 - By Benjamin Allen

Big Money Sentiment decreased to 0.65 in 2017 Q4. It has change of 0.67, from 2017Q3’s 1.32. The ratio dropped due to MGPI positioning: 12 sold and 53 reduced. 18 funds took holdings and 24 increased holdings. Investors holded 16.40 million in 2017Q3 but now own 15.66 million shares or 4.48% less. Geode Cap Ltd Limited Liability Company stated it has 0% of its capital in MGP Ingredients, Inc. (NASDAQ:MGPI). Ohio-based Victory Cap Management Inc has invested 0% in MGP Ingredients, Inc. (NASDAQ:MGPI). California Pub Employees Retirement System reported 44,061 shs. Ameritas Investment Ptnrs Inc owns 1,083 shs for 0% of their capital. Stifel Financial accumulated 7,672 shs. Ny State Common Retirement Fund reported 0% in MGP Ingredients, Inc. (NASDAQ:MGPI). Mariner Wealth Limited Liability, a Kansas-based fund reported 59,578 shs. Citigroup holds 505 shs. Us Comml Bank De holds 0% of its capital in MGP Ingredients, Inc. (NASDAQ:MGPI) for 1,910 shs. Diker Mgmt Ltd Liability reported 65,000 shs or 1.8% of all its holdings. Moreover, Envestnet Asset has 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI). Thrivent Fincl For Lutherans invested in 649,700 shs or 0.17% of the stock. Walthausen & Co Lc has invested 1.09% in MGP Ingredients, Inc. (NASDAQ:MGPI). Bb&T has 0.01% invested in MGP Ingredients, Inc. (NASDAQ:MGPI). Royal Bankshares Of Canada stated it has 0% of its capital in MGP Ingredients, Inc. (NASDAQ:MGPI).

MGPI had 9 sales and 1 insider purchase since December 12, 2017. This’s net activity of $5.26 million. $97,876 worth of stock was sold by Glaser Stephen J on Tuesday, March 20. On Tuesday, March 6 $784,392 worth of MGP Ingredients, Inc. (NASDAQ:MGPI) was sold by DYKSTRA DAVID E. $76,330 worth of MGP Ingredients, Inc. (NASDAQ:MGPI) was bought by Griffin Augustus C.. SCHALLER DARYL had sold 20,000 shs worth $1.60M on Friday, March 9. On Tuesday, March 6 Buttshaw Michael Rodger sold $54,334 worth of MGP Ingredients, Inc. (NASDAQ:MGPI) or 700 shs.

In Mgp Ingredients Inc New (NASDAQ:MGPI) was decreased the stake held by Cardinal Capital Management Llc. The reduction is 35.42% according to 2018Q1 SEC form. By selling 153,093 shares Cardinal Capital Management Llc made the stock Popped Up with 16.59%. The institutional investor is holding 279,184 shares, compared to the 432,277 from the previous quarter. And the reported value of the consumer non-durables company is $25.01M for the 2018Q1. Mgp Ingredients Inc New has $1.46 billion MC. The stock increased 0.74% or $0.64 during the last trading session, reaching $86.59.MGP Ingredients, Inc. has volume of 139,866 shares. Since May 17, 2017 MGPI has risen 61.96% and is uptrending. The stock outperformed the S&P 500 by 50.41%.

About $1.96 billion and $2.69B US Long portfolio Cardinal Capital Management Llc operates. It increased its stake in Bgc Partners Inc (NASDAQ:BGCP) by 1.80 million shares to 4.91 million shares, valued at $66.07 million in 2018Q1, according to the filing. Cardinal Capital Management Llc has risen its stake in Resolute Energy Corp () and also increased its holding in Hostess Brands Inc () by 2.22 million shares in the quarter, for a total of 4.02M shares.

Cardinal Capital Management Llc is a Connecticut-based institutional investor with more than $1.96 billion AUM in March, 2014. Taken from Cardinal Capital Management latest Adv, the fund reported to have 14 full and part-time employees. Among which 7 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

MGP Ingredients, Inc. (NASDAQ:MGPI) Ratings Coverage

A total of 4 analysts rate MGP Ingredients (NASDAQ:MGPI) as follows: 3 “Buy”, 1 “Hold” and 0 “Sell”. Тherefore 75% are bullish. (NASDAQ:MGPI) has 5 ratings reports on May 17, 2018 according to StockzIntelligence. On Tuesday, March 6 the company was maintained by Stifel Nicolaus. On Monday, January 29 the stock of MGP Ingredients, Inc. (NASDAQ:MGPI) has “Buy” rating given by Craig Hallum. On Thursday, March 1 the firm earned “Buy” rating by SunTrust. On Wednesday, January 31 Sidoti upgraded the shares of MGPI in report to “Buy” rating.

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients.The company has $1.46 billion market cap. The firm operates through two divisions, Distillery Products and Ingredient Solutions.The P/E ratio is 35.52. The Distillery Products segment provides food grade alcohol for beverage applications that include bourbon and rye whiskeys, as well as grain neutral spirits, including vodka and gin; and food grade industrial alcohol, which is used as an ingredient in foods, personal care products, cleaning solutions, pharmaceuticals, and various other products, as well as for various industrial processors.

MGP Ingredients, Inc. (NASDAQ:MGPI) Institutional Investors Chart

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