14,700 Shares in Midera Food Processing $MFP Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp purchased a new stake in shares of Midera Food Processing (NASDAQ:MFP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,700 shares of the company’s stock, valued at approximately $600,000.

A number of other hedge funds also recently added to or reduced their stakes in MFP. Fort Washington Investment Advisors Inc. OH bought a new position in Midera Food Processing in the 3rd quarter valued at approximately $27,924,000. Cooke & Bieler LP bought a new stake in shares of Midera Food Processing in the 3rd quarter worth $19,643,000. Kirr Marbach & Co. LLC IN purchased a new position in shares of Midera Food Processing in the third quarter worth $10,743,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Midera Food Processing in the third quarter worth $2,613,000. Finally, Illinois Municipal Retirement Fund purchased a new position in shares of Midera Food Processing in the third quarter worth $959,000.

Midera Food Processing Stock Performance

Shares of MFP traded down $0.85 during trading hours on Friday, hitting $44.31. The stock had a trading volume of 270,654 shares, compared to its average volume of 429,576. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.15. Midera Food Processing has a 12 month low of $33.00 and a 12 month high of $52.58. The firm has a fifty day moving average price of $42.27.

Insider Transactions at Midera Food Processing

In related news, Director Robert Nerbonne acquired 10,900 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average cost of $45.05 per share, for a total transaction of $491,045.00. Following the purchase, the director owned 32,371 shares in the company, valued at $1,458,313.55. The trade was a 50.77% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

MFP has been the topic of several recent analyst reports. William Blair initiated coverage on Midera Food Processing in a research report on Tuesday, October 20th. They set an “outperform” rating on the stock. KeyCorp began coverage on Midera Food Processing in a report on Tuesday, August 25th. They issued a “sector weight” rating for the company. Finally, Wall Street Zen raised Midera Food Processing to a “hold” rating in a research report on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $45.00.

About Midera Food Processing

Midera Food Processing Inc. provides food processing solutions. The Company specializes in the processing of raw material preparation and production and product packaging for retail and food service applications. Midera Food Processing Inc., formerly known as MINERA FOOD PRC, is based in Rosemont, Illinois.