Cardinal Capital Management Llc Lowered Its Position in Mgp Ingredients Inc New (NASDAQ:MGPI) as Price Rose

May 17, 2018 - By Jack Shaw

During 2017 Q4 the big money sentiment decreased to 0.65. That’s change of 0.67, from 2017Q3’s 1.32. 12 investors sold all, 53 reduced holdings as MGPI ratio dived. 24 increased positions while 18 funds bought positions. Funds hold 15.66 million shares thus 4.48% less from 2017Q3’s 16.40 million shares. Huntington National Bank & Trust reported 300 shs. Rhumbline Advisers reported 0% stake. Waddell Reed Fincl has invested 0.01% of its capital in MGP Ingredients, Inc. (NASDAQ:MGPI). Ameriprise Fincl Incorporated holds 100,928 shs or 0% of its capital. Loomis Sayles & L P has invested 0.04% in MGP Ingredients, Inc. (NASDAQ:MGPI). Laurion Cap Lp has invested 0% of its capital in MGP Ingredients, Inc. (NASDAQ:MGPI). Pembroke Ltd holds 0.99% of its capital in MGP Ingredients, Inc. (NASDAQ:MGPI) for 125,000 shs. Bankshares Of America De reported 0% of its capital in MGP Ingredients, Inc. (NASDAQ:MGPI). 188,123 were reported by Granite Investment Ptnrs Ltd Liability Co. Raymond James Financial Svcs Advsrs holds 4.55 million shs or 2.19% of its capital. Alliancebernstein L P holds 0% or 14,800 shs in its capital. Bb&T Corp owns 3,975 shs. Deutsche National Bank & Trust Ag reported 28,546 shs. Switzerland-based Credit Suisse Ag has invested 0% in MGP Ingredients, Inc. (NASDAQ:MGPI). Moreover, Legal General Grp Public Limited Company has 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 3,131 shs.

MGPI had 9 insider sales and 1 buying transaction since December 12, 2017. This’s net activity of $5.26 million. Shares for $597,158 were sold by Seaberg Karen on Monday, March 5. Another trade for 1,000 shs valued at $76,330 was made by Griffin Augustus C. on Tuesday, March 6. 10,000 MGP Ingredients, Inc. (NASDAQ:MGPI) shs with value of $784,392 were sold by DYKSTRA DAVID E. 20,000 shs valued at $1.60M were sold by SCHALLER DARYL on Friday, March 9. $97,876 worth of MGP Ingredients, Inc. (NASDAQ:MGPI) was sold by Glaser Stephen J.

Based on the latest 2018Q1 regulatory filing with the SEC, Cardinal Capital Management Llc reduced its holdings in Mgp Ingredients Inc New (NASDAQ:MGPI) by 35.42%. By selling 153,093 shares Cardinal Capital Management Llc made the stock Popped Up with 16.59%. The consumer non-durables company at the end of 2018Q1 was priced at $25.01 million. It’s down from 432,277 at the end of the previous reported quarter. Now it had 279,184 shares held by the institutional investor . Mgp Ingredients Inc New has $1.46B MC. Ticker’s shares touched $86.59 during the last trading session after 0.74% change.Currently MGP Ingredients, Inc. is uptrending after 61.96% change in last May 17, 2017. MGPI has 139,866 shares volume. The stock outperformed the S&P 500 by 50.41%.

According to a filing the Cardinal Capital Management Llc’s stake in Heritage Finl Corp Wash (NASDAQ:HFWA) was rose by 539,225 shares to 827,472 shares valued at $25.32M in 2018Q1. It operates about $1.96B and $2.69 billion US Long portfolio. For a total of 1.91M shares it increased its holding in Kar Auction Svcs Inc (NYSE:KAR) by 269,763 shares in the quarter, and has risen its stake in Bgc Partners Inc (NASDAQ:BGCP).

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 Wednesday, January 31 the rating was upgraded by Sidoti to “Buy”. On Thursday, March 1 the rating was maintained by SunTrust with “Buy”. On Monday, January 29 Craig Hallum maintained MGP Ingredients, Inc. (NASDAQ:MGPI) with “Buy” rating. On Tuesday, March 6 the company was maintained by Stifel Nicolaus.

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients.The firm is valued at $1.46 billion. 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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