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

May 17, 2018 - By Sergio Grout

Big Money Sentiment decreased to 0.65 in 2017 Q4. It has change of 0.67, from 2017Q3’s 1.32. The ratio fall due to MGPI positioning: 12 sold and 53 reduced. 18 funds amassed holdings and 24 increased holdings. Investors holded 16.40 million in 2017Q3 but now own 15.66 million shares or 4.48% less. Barclays Public Limited Company reported 0% of its capital in MGP Ingredients, Inc. (NASDAQ:MGPI). American Interest Gp Incorporated reported 8,697 shs. Alliancebernstein Lp reported 14,800 shs. Tiaa Cref Inv Management Ltd Llc owns 30,314 shs or 0% of their US capital. Alps Advsrs has invested 0% in MGP Ingredients, Inc. (NASDAQ:MGPI). Tower Lc (Trc) reported 421 shs stake. Legal & General Group Inc Public Limited Liability Corporation owns 3,131 shs for 0% of their capital. California State Teachers Retirement Systems owns 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 20,353 shs. Suntrust Banks owns 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 5,749 shs. State Street Corporation has 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 245,293 shs. Diker Limited Liability owns 65,000 shs or 1.8% of their US capital. Columbia Wanger Asset Ltd Liability Corp invested in 0.13% or 109,426 shs. Geode Cap Mngmt Ltd invested in 117,978 shs or 0% of the stock. Millennium Mngmt Limited Liability Corporation reported 2,851 shs. Suffolk Capital Ltd Com holds 10,884 shs or 0.11% of its capital.

MGPI had 9 insider sales and 1 buy since December 12, 2017. This’s net activity of $5.26 million. 20,000 MGP Ingredients, Inc. (NASDAQ:MGPI) shs with value of $1.48M were sold by Seaberg Karen. On Tuesday, March 6 Buttshaw Michael Rodger had sold 700 shs worth $54,334. On Friday, March 9 $1.60M worth of MGP Ingredients, Inc. (NASDAQ:MGPI) was sold by SCHALLER DARYL. 1,000 shs valued at $76,330 were bought by Griffin Augustus C. on Tuesday, March 6. 10,000 shs were sold by DYKSTRA DAVID E, worth $784,392.

In 2018Q1 SEC form is reported Cardinal Capital Management Llc’s holdings in Mgp Ingredients Inc New (NASDAQ:MGPI) which was decreased by 35.42%. By selling 153,093 shares Cardinal Capital Management Llc made the stock Popped Up with 16.59%. At the end of 2018Q1, the 279,184 shares of the consumer non-durables company held by the institutional investor were priced at $25.01M, down from 432,277 at the end of the previous reported quarter. Mgp Ingredients Inc New has $1.46 billion MC. The stock increased 0.74% or $0.64 during the last trading session, hitting $86.59.MGP Ingredients, Inc. has volume of 139,866 shares. Since May 17, 2017 MGPI has risen 61.96% and is uptrending. MGPI outperformed by 50.41% the S&P500.

About $1.96 billion and $2.69B US Long portfolio Cardinal Capital Management Llc manages. According to a filing the fund upped its stake in Kar Auction Svcs Inc (NYSE:KAR) by 269,763 shares to 1.91 million shares, valued at $103.46M in 2018Q1. For a total of 1.47M shares it increased its holding in Silicon Motion Technology Co (NASDAQ:SIMO) by 209,757 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 Thursday, March 1 the stock of MGP Ingredients, Inc. (NASDAQ:MGPI) earned “Buy” rating by SunTrust. On Tuesday, March 6 Stifel Nicolaus maintained the shares of MGPI in report with “Hold” rating. On Monday, January 29 Craig Hallum maintained MGP Ingredients, Inc. (NASDAQ:MGPI) with “Buy” rating. In Wednesday, January 31 report Sidoti upgraded the stock 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.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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