As Mgp Ingredients INC New (MGPI) Valuation Rose, Raymond James Financial Services Advisors INC Has Boosted Holding by $5.07 Million

December 7, 2017 - By Peter Erickson

Investors sentiment decreased to 0.93 in 2017 Q2. Its down 0.35, from 1.28 in 2017Q1. It fall, as 24 investors sold MGPI shares while 30 reduced holdings. 7 funds opened positions while 43 raised stakes. 16.10 million shares or 1.62% more from 15.85 million shares in 2017Q1 were reported. Lord Abbett And Co Lc has invested 0.02% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). Bankshares Of Ny Mellon stated it has 126,390 shares. 10,302 were reported by Manufacturers Life Communication The. Moreover, Wfg Advsrs Ltd Partnership has 0.01% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 466 shares. Century has 0% invested in MGP Ingredients, Inc. (NASDAQ:MGPI). Pembroke Mngmt invested in 193,665 shares. Schwab Charles Investment Inc invested in 62,828 shares or 0% of the stock. Moreover, Manatuck Hill Limited Liability Com has 4.95% invested in MGP Ingredients, Inc. (NASDAQ:MGPI) for 192,600 shares. 14,800 were reported by Alliancebernstein Limited Partnership. 192,255 are held by Kornitzer Capital Ks. Diker Ltd Co reported 90,000 shares. Brown Advisory Inc holds 6,721 shares. Goldman Sachs Grp owns 640,671 shares. Ameritas Inv Prtnrs, Nebraska-based fund reported 1,083 shares. Northwestern Mutual Wealth Management has invested 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI).

Since June 14, 2017, it had 1 insider buy, and 0 insider sales for $15,033 activity.

Raymond James Financial Services Advisors Inc increased its stake in Mgp Ingredients Inc New (MGPI) by 2.27% based on its latest 2017Q2 regulatory filing with the SEC. Raymond James Financial Services Advisors Inc bought 99,372 shares as the company’s stock rose 22.02% with the market. The institutional investor held 4.49 million shares of the consumer non-durables company at the end of 2017Q2, valued at $229.57 million, up from 4.39M at the end of the previous reported quarter. Raymond James Financial Services Advisors Inc who had been investing in Mgp Ingredients Inc New for a number of months, seems to be bullish on the $1.24B market cap company. The stock decreased 0.63% or $0.47 during the last trading session, reaching $74.28. About 83,497 shares traded. MGP Ingredients, Inc. (NASDAQ:MGPI) has risen 102.52% since December 7, 2016 and is uptrending. It has outperformed by 85.82% the S&P500.

Raymond James Financial Services Advisors Inc, which manages about $52.09B and $14.46 billion US Long portfolio, decreased its stake in Ishares Tr (SHY) by 98,729 shares to 222,130 shares, valued at $18.77 million in 2017Q2, according to the filing. It also reduced its holding in Powershares Etf Tr Ii (XSLV) by 246,403 shares in the quarter, leaving it with 454,230 shares, and cut its stake in Ishares Tr (IJJ).

More important recent MGP Ingredients, Inc. (NASDAQ:MGPI) news were published by: Globenewswire.com which released: “MGP Ingredients Schedules Third Quarter 2017 Conference Call/Webcast for …” on October 19, 2017, also Seekingalpha.com published article titled: “MGP Ingredients’ (MGPI) CEO Gus Griffin on Q3 2017 Results – Earnings Call …”, Nasdaq.com published: “Granite Investment Partners, LLC Buys Marcus & Millichap Inc, MGP Ingredients …” on November 09, 2017. More interesting news about MGP Ingredients, Inc. (NASDAQ:MGPI) was released by: Seekingalpha.com and their article: “MGP Ingredients – Wait For The Call?” with publication date: October 26, 2017.

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

Among 3 analysts covering MGP Ingredients (NASDAQ:MGPI), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. MGP Ingredients had 3 analyst reports since May 25, 2016 according to SRatingsIntel. The rating was initiated by Craig Hallum on Wednesday, May 25 with “Buy”. The rating was initiated by Sidoti on Wednesday, February 1 with “Buy”.

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