Insider Selling at MGP Ingredients (MGPI) Continues with Significant Sale

Wednesday, December 13, 2017 10:15 PM ET

Insider Selling at MGP Ingredients (MGPI) Continues with Significant Sale

There was a substantial insider sale of MGP Ingredients shares today, as indicated in a filing with the SEC as — Karen Seaberg, Director — disposed of 20,000 shares in the company having a market value of approximately $1,477,900 There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 27,797 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 47,797 shares and have averaged 15,932 shares per transaction over this time period.

The number of insider buy/sell trades at MGP Ingredients is higher than that of the 40 peer company average over the last 90-day period. The Food Processing peer group saw 27 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares traded per transaction by MGP Ingredients insiders is lower than its peers. Within the peer group there were 56,730 shares purchased and 1,057,358 shares sold with company insiders disposing of 37,060 shares on average over this time period.

The data sourced in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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