Cardinal Capital Management Llc Trimmed Its Position in Mgp Ingredients Inc New (NASDAQ:MGPI) by $13.63 Million

May 17, 2018 - By Vernon Rice

During Q4 2017 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 is negative. 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. Aqr Mgmt Limited Liability Company holds 0% in MGP Ingredients, Inc. (NASDAQ:MGPI) or 54,409 shs. Huntington Bancshares invested in 0% or 300 shs. Ameriprise Fin stated it has 100,928 shs. Gru Incorporated Inc invested in 0% or 8,697 shs. Manufacturers Life The accumulated 9,944 shs or 0% of the stock. Aperio Grp Limited Liability Co accumulated 4,510 shs or 0% of the stock. Country Club Trust Company Na holds 3,900 shs. Jennison Ltd Liability has invested 0.01% of its capital in MGP Ingredients, Inc. (NASDAQ:MGPI). Deutsche Bankshares Ag reported 0% in MGP Ingredients, Inc. (NASDAQ:MGPI). California Employees Retirement Systems owns 44,061 shs for 0% of their capital. Eam Ltd accumulated 32,944 shs or 0.33% of the stock. Parallax Volatility Advisers Lp invested in 0% or 2,016 shs. Gabelli Funds Llc reported 0.02% of its capital in MGP Ingredients, Inc. (NASDAQ:MGPI). Moreover, Jpmorgan Chase And has 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI). Diker Llc, New York-based fund reported 65,000 shs.

MGPI registered $5.26 million net activity with 1 insider purchase and 9 selling transactions since December 12, 2017. Glaser Stephen J sold $97,876 worth of stock or 1,200 shs. SCHALLER DARYL had sold 20,000 shs worth $1.60M. On Tuesday, March 6 Buttshaw Michael Rodger had sold 700 shs worth $54,334. Griffin Augustus C. also bought $76,330 worth of MGP Ingredients, Inc. (NASDAQ:MGPI) shs. $784,392 worth of stock was sold by DYKSTRA DAVID E on Tuesday, March 6.

In Mgp Ingredients Inc New (NASDAQ:MGPI) was decreased the stake owned by Cardinal Capital Management Llc. The reduction is 35.42% according to 2018Q1 SEC filling. By selling 153,093 shares Cardinal Capital Management Llc made the stock Popped Up with 16.59%. At the end of 2018Q1, the institutional investor held 279,184 shares of the consumer non-durables company, priced at $25.01M, down from 432,277 at the end of the previous reported quarter. $1.46B is Mgp Ingredients Inc New’s MC. MGPI is touching $86.59 during the last trading session, after increased 0.74%.Currently MGP Ingredients, Inc. is uptrending after 61.96% change in last May 17, 2017. MGPI has 139,866 shares volume. MGPI outperformed the S&P 500 by 50.41%.

According to a filing Cardinal Capital Management Llc upped its stake in Hrg Group Inc (NYSE:HRG) by 2.00 million shares to 3.27 million shares, valued at $53.92 million in 2018Q1. The fund operates about $1.96B and $2.69B US Long portfolio. Cardinal Capital Management Llc has risen its stake in Bgc Partners Inc (NASDAQ:BGCP) and also increased its holding in Silicon Motion Technology Co (NASDAQ:SIMO) by 209,757 shares in the quarter, for a total of 1.47M 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 Thursday, March 1 SunTrust maintained the shares of MGPI in report with “Buy” rating. On Wednesday, January 31 Sidoti upgraded MGP Ingredients, Inc. (NASDAQ:MGPI) to “Buy” rating. On Monday, January 29 the stock has “Buy” rating by Craig Hallum. On Tuesday, March 6 Stifel Nicolaus maintained MGP Ingredients, Inc. (NASDAQ:MGPI) rating. Stifel Nicolaus has “Hold” rating and $73 target.

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients.The firm is worth $1.46 billion. The firm operates through two divisions, Distillery Products and Ingredient Solutions.35.52 is the P/E ratio. 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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