Conestoga Capital Advisors LLC Trimmed Mgp Ingredients INC New (MGPI) Holding by $5.94 Million

April 17, 2018 - By Vivian Park

Investors sentiment decreased to 0.65 in Q4 2017. Its down 0.67, from 1.32 in 2017Q3. It dived, as 12 investors sold MGPI shares while 53 reduced holdings. 18 funds opened positions while 24 raised stakes. 15.66 million shares or 4.48% less from 16.40 million shares in 2017Q3 were reported. Eam Limited Liability Company has invested 0.33% in MGP Ingredients, Inc. (NASDAQ:MGPI). Ontario – Canada-based Royal Retail Bank Of Canada has invested 0% in MGP Ingredients, Inc. (NASDAQ:MGPI). Moreover, Blair William & Com Il has 0.01% invested in MGP Ingredients, Inc. (NASDAQ:MGPI). 764,253 were reported by Dimensional Fund Advsrs Limited Partnership. Cardinal Cap Mgmt Ltd Liability Ct accumulated 432,277 shares. 14,612 were accumulated by Credit Suisse Ag. Wells Fargo And Mn holds 36,644 shares. Manatuck Hill Prtnrs Ltd holds 7.73% or 192,600 shares. Moreover, Diker Mgmt Limited Liability Co has 1.8% invested in MGP Ingredients, Inc. (NASDAQ:MGPI). Pembroke Mngmt has 0.99% invested in MGP Ingredients, Inc. (NASDAQ:MGPI). Alps Advsr Inc invested in 0% or 8,059 shares. Principal Fin Gru accumulated 0% or 6,086 shares. 2,832 are held by Bnp Paribas Arbitrage Sa. State Street Corp holds 245,293 shares or 0% of its portfolio. Suffolk Cap Mgmt Limited Liability Corporation has 10,884 shares.

Since October 24, 2017, it had 1 buy, and 8 sales for $5.28 million activity. Glaser Stephen J had sold 1,200 shares worth $97,876 on Tuesday, March 20. Another trade for 10,000 shares valued at $784,392 was made by DYKSTRA DAVID E on Tuesday, March 6. Buttshaw Michael Rodger sold $54,334 worth of stock. 1,000 MGP Ingredients, Inc. (NASDAQ:MGPI) shares with value of $76,330 were bought by Griffin Augustus C.. 20,000 shares valued at $1.60M were sold by SCHALLER DARYL on Friday, March 9.

Conestoga Capital Advisors Llc decreased its stake in Mgp Ingredients Inc New (MGPI) by 8.71% based on its latest 2017Q4 regulatory filing with the SEC. Conestoga Capital Advisors Llc sold 78,110 shares as the company’s stock rose 16.59% while stock markets declined. The institutional investor held 818,279 shares of the consumer non-durables company at the end of 2017Q4, valued at $62.91 million, down from 896,389 at the end of the previous reported quarter. Conestoga Capital Advisors Llc who had been investing in Mgp Ingredients Inc New for a number of months, seems to be less bullish one the $1.52B market cap company. The stock increased 2.38% or $2.09 during the last trading session, reaching $90.06. About 44,270 shares traded. MGP Ingredients, Inc. (NASDAQ:MGPI) has risen 61.96% since April 17, 2017 and is uptrending. It has outperformed by 50.41% the S&P500.

Conestoga Capital Advisors Llc, which manages about $1.75B and $2.60 billion US Long portfolio, upped its stake in Neogen Corp (NASDAQ:NEOG) by 119,102 shares to 1.08 million shares, valued at $88.61 million in 2017Q4, according to the filing. It also increased its holding in Tyler Technologies Inc (NYSE:TYL) by 31,593 shares in the quarter, for a total of 189,538 shares, and has risen its stake in Stamps Com Inc (NASDAQ:STMP).

Analysts await MGP Ingredients, Inc. (NASDAQ:MGPI) to report earnings on May, 3. They expect $0.55 EPS, up 10.00 % or $0.05 from last year’s $0.5 per share. MGPI’s profit will be $9.26 million for 40.94 P/E if the $0.55 EPS becomes a reality. After $0.55 actual EPS reported by MGP Ingredients, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

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

Among 4 analysts covering MGP Ingredients (NASDAQ:MGPI), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. MGP Ingredients had 5 analyst reports since December 6, 2017 according to SRatingsIntel. Sidoti upgraded the stock to “Buy” rating in Wednesday, January 31 report. The firm has “Buy” rating by Craig Hallum given on Monday, January 29. The stock of MGP Ingredients, Inc. (NASDAQ:MGPI) has “Buy” rating given on Thursday, March 1 by SunTrust. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, March 6.

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

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