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Donn S. Lux, a director and significant shareholder of MGP Ingredients Inc. (NASDAQ:MGPI), has recently sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. Lux disposed of 100,000 shares on March 11, 2025, in two separate transactions, totaling approximately $3.17 million. The sale comes as MGPI trades near its 52-week low of $31.09, with the stock down 63% over the past year. According to InvestingPro analysis, the company maintains a "Good" financial health score, suggesting strong fundamentals despite recent price weakness.
The shares were sold at prices ranging from $31.115 to $32.715 per share. Following these transactions, Lux retains ownership of 2,538,264 shares, held indirectly through various trusts. The sales were executed by the Luxco 2017 Irrevocable Trust and other related trusts, with Lux acting as the sole investment trustee. InvestingPro analysis indicates the stock is currently undervalued, with multiple additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of MGPI and 1,400+ other US stocks.
In other recent news, MGP Ingredients reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with earnings per share (EPS) of $1.56, compared to the forecasted $1.50. Despite a 16% decline in consolidated sales to $180.8 million, the company recorded a record cash flow from operations at $102.3 million for the year. However, the company faced a net income loss of $42 million, partly due to a significant non-cash goodwill adjustment. Looking ahead, MGP Ingredients provided guidance for 2025 with projected net sales between $520 million and $540 million and adjusted EBITDA between $105 million and $115 million. The company anticipates its Branded Spirits and Ingredient Solutions segments to drive growth, although it expects a significant decline in its Distilling Solutions segment. In other developments, three MGP Ingredients board members, Donn Lux, Karen Seaberg, and Lori Mingus, plan to sell shares as part of their personal financial strategies. Despite the planned stock sales, the board members expressed continued commitment to the company’s strategic vision and potential for growth. The company’s leadership emphasized proactive measures to strengthen its market position amid challenging conditions.
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