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Insider Trends: 90-Days of Insider Buying at MGP Ingredients Eased Back with Share Disposition

05/11/2021 08:12

12:04 PM EDT, 05/11/2021 (MT Newswires) -- Stephen J Glaser, VP, reported a sale of 3,900 shares in MGP Ingredients (MGPI) on May 10, 2021, for $248,582. Glaser, following the transactions delineated in the Form 4 SEC filing, owns 16,874 shares of company stock, with a market value, based on the prior-day closing price, of $1.07 million.

In the 90 days previous to the date of this filing, there have been 19 insider transactions reported to the SEC for MGP Ingredients. These transactions came from the activities of 12 separate insiders that resulted in a net acquisition of 39,816 company shares. This compares with the preceding 90-day window of time where there were 19 transactions from 5 insiders which resulted in the net disposition of 69,799 shares.

This is a lower level of transactions than the peer group average in the 6-company Distillers & Wineries peer group over the last 90-day period. Peer group activity averaged 46.7 transactions per company, and disposition of 17,056 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/835011/000162828021009775/xslF345X03/wf-form4_162074892387991.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.