Caxton Associates LLP Makes New Investment in MGP Ingredients, Inc. $MGPI

Key Points

• Caxton Associates LLP acquired a new stake in MGP Ingredients, Inc. during the 1st quarter, purchasing 49,329 shares valued at approximately $1.45 million, representing about 0.23% of the company.
• MGP Ingredients reported $0.97 EPS for the recent quarter, exceeding estimates of $0.64, but its revenue was down 23.7% compared to the same quarter last year.
• The company declared a $0.12 quarterly dividend, resulting in an annual yield of 1.7%, although its dividend payout ratio stands at -154.84%.

Caxton Associates LLP purchased a new stake in MGP Ingredients, Inc. (NASDAQ:MGPI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 49,329 shares of the company's stock, valued at approximately $1,449,000. Caxton Associates LLP owned approximately 0.23% of MGP Ingredients at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MGPI. Price T Rowe Associates Inc. MD boosted its stake in MGP Ingredients by 21.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,662 shares of the company's stock valued at $223,000 after buying an additional 1,015 shares in the last quarter. Northern Trust Corp boosted its stake in MGP Ingredients by 12.9% in the 4th quarter. Northern Trust Corp now owns 159,121 shares of the company's stock valued at $6,265,000 after buying an additional 18,139 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in MGP Ingredients by 81.0% in the 4th quarter. BNP Paribas Financial Markets now owns 149,033 shares of the company's stock valued at $5,867,000 after buying an additional 66,715 shares in the last quarter. Deutsche Bank AG boosted its stake in MGP Ingredients by 47.4% in the 4th quarter. Deutsche Bank AG now owns 12,863 shares of the company's stock valued at $506,000 after buying an additional 4,136 shares in the last quarter. Finally, Graham Capital Management L.P. boosted its stake in MGP Ingredients by 435.1% in the 4th quarter. Graham Capital Management L.P. now owns 15,428 shares of the company's stock valued at $607,000 after buying an additional 12,545 shares in the last quarter. Institutional investors and hedge funds own 77.11% of the company's stock.

MGP Ingredients Price Performance

MGPI stock traded down $0.37 during trading on Monday, hitting $27.60. The company had a trading volume of 47,641 shares, compared to its average volume of 326,989. The company has a fifty day moving average price of $29.46 and a two-hundred day moving average price of $29.94. The company has a current ratio of 2.91, a quick ratio of 0.79 and a debt-to-equity ratio of 0.35. The company has a market cap of $587.60 million, a P/E ratio of -88.92 and a beta of 0.35. MGP Ingredients, Inc. has a fifty-two week low of $25.12 and a fifty-two week high of $86.60.

MGP Ingredients (NASDAQ:MGPI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.64 by $0.33. The business had revenue of $145.49 million for the quarter, compared to analyst estimates of $138.70 million. MGP Ingredients had a positive return on equity of 10.66% and a negative net margin of 1.08%.MGP Ingredients's quarterly revenue was down 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 EPS. MGP Ingredients has set its FY 2025 guidance at 2.450-2.750 EPS. Equities research analysts expect that MGP Ingredients, Inc. will post 5.56 earnings per share for the current fiscal year.

MGP Ingredients Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.7%. MGP Ingredients's payout ratio is currently -154.84%.

MGP Ingredients Profile

MGP Ingredients, Inc, together with its subsidiaries, engages in the production and supply of distilled spirits, branded spirits, and food ingredients in the United States and internationally. The company operates through three segments: Distillery Solutions; Branded Spirits; and Ingredient Solutions.