Trexquant Investment LP Sells 61,194 Shares of MGP Ingredients, Inc. $MGPI

Key Points

• Trexquant Investment LP reduced its holdings in MGP Ingredients by 59.2%, owning 42,246 shares worth approximately $1.24 million after selling 61,194 shares in the first quarter.
• MGP Ingredients reported $0.97 earnings per share for the last quarter, exceeding estimates and anticipates FY 2025 EPS in the range of 2.450-2.750.
• The company announced a quarterly dividend of $0.12 per share with a dividend yield of 1.6%, despite a negative payout ratio of -154.84%.

Trexquant Investment LP reduced its stake in shares of MGP Ingredients, Inc. (NASDAQ:MGPI - Free Report) by 59.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,246 shares of the company's stock after selling 61,194 shares during the period. Trexquant Investment LP owned 0.20% of MGP Ingredients worth $1,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Brooklyn Investment Group lifted its stake in shares of MGP Ingredients by 2,365.7% in the 1st quarter. Brooklyn Investment Group now owns 863 shares of the company's stock valued at $25,000 after purchasing an additional 828 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of MGP Ingredients by 333.3% in the 1st quarter. Penserra Capital Management LLC now owns 897 shares of the company's stock valued at $26,000 after purchasing an additional 690 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of MGP Ingredients by 114.8% in the 1st quarter. GAMMA Investing LLC now owns 1,497 shares of the company's stock valued at $44,000 after purchasing an additional 800 shares during the last quarter. CWM LLC lifted its stake in shares of MGP Ingredients by 127.4% in the 1st quarter. CWM LLC now owns 2,051 shares of the company's stock valued at $60,000 after purchasing an additional 1,149 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of MGP Ingredients by 1,055.2% in the 1st quarter. Signaturefd LLC now owns 2,218 shares of the company's stock valued at $65,000 after purchasing an additional 2,026 shares during the last quarter. 77.11% of the stock is currently owned by hedge funds and other institutional investors.

MGP Ingredients Stock Up 2.6%

Shares of MGPI stock traded up $0.73 on Thursday, hitting $28.34. The company's stock had a trading volume of 221,600 shares, compared to its average volume of 172,395. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.91 and a quick ratio of 0.79. MGP Ingredients, Inc. has a fifty-two week low of $25.12 and a fifty-two week high of $86.60. The firm's fifty day moving average price is $29.60 and its 200-day moving average price is $30.01. The stock has a market capitalization of $603.36 million, a price-to-earnings ratio of -91.42 and a beta of 0.35.

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

MGP Ingredients Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, August 15th. MGP Ingredients's dividend payout ratio (DPR) is -154.84%.

MGP Ingredients Company 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.