GSA Capital Partners LLP raised its position in Argan, Inc. (NYSE:AGX) by 28.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,167 shares of the construction company’s stock after purchasing an additional 6,752 shares during the period. GSA Capital Partners LLP owned about 0.19% of Argan worth $2,029,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in AGX. C M Bidwell & Associates Ltd. purchased a new position in Argan in the 2nd quarter valued at about $106,000. Victory Capital Management Inc. lifted its holdings in Argan by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,001 shares of the construction company’s stock valued at $120,000 after purchasing an additional 301 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in shares of Argan during the 2nd quarter valued at about $123,000. Amica Retiree Medical Trust acquired a new position in shares of Argan during the 3rd quarter valued at about $123,000. Finally, Quantbot Technologies LP acquired a new position in shares of Argan during the 2nd quarter valued at about $181,000. Institutional investors own 87.55% of the company’s stock.
Separately, Lake Street Capital downgraded shares of Argan from a “buy” rating to a “hold” rating and dropped their price objective for the company from $71.00 to $56.00 in a research note on Thursday, December 7th.
Argan, Inc. (NYSE AGX) opened at $45.00 on Monday. Argan, Inc. has a one year low of $41.79 and a one year high of $76.70. The company has a market cap of $699.71, a PE ratio of 8.32 and a beta of 0.86.
Argan, Inc is a holding company. The Company conducts operations through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc (SMC) and The Roberts Company (Roberts). Through GPS and APC, the Company’s power industry services segment provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical and consulting services to the power generation and renewable energy markets.
Receive News & Ratings for Argan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argan and related companies with MarketBeat.com's FREE daily email newsletter.