Silver Capital Management adds Argan (AGX) to its portfolio

Argan (AGX) : Silver Capital Management added new position in Argan during the most recent quarter end. The investment management firm now holds 9,640 shares of Argan which is valued at $448,260 , the company said in a statement filed on Aug 3, 2016 with the SEC.Argan makes up approximately 2.02% of Silver Capital Management’s portfolio.

Other Hedge Funds, Including , Cadence Capital Management reduced its stake in AGX by selling 11,551 shares or 36.1% in the most recent quarter. The Hedge Fund company now holds 20,445 shares of AGX which is valued at $950,693. Argan makes up approx 0.07% of Cadence Capital Management’s portfolio. Kalos Management added AGX to its portfolio by purchasing 6,841 company shares during the most recent quarter which is valued at $318,107. Argan makes up approx 0.24% of Kalos Management’s portfolio. Magee Thomson Investment Partners added AGX to its portfolio by purchasing 22 company shares during the most recent quarter which is valued at $1,013.1st Global Advisors reduced its stake in AGX by selling 124 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 10,189 shares of AGX which is valued at $469,305. Argan makes up approx 0.06% of 1st Global Advisors’s portfolio.

Argan opened for trading at $47 and hit $47.98 on the upside on Monday, eventually ending the session at $47.27, with a gain of 0.81% or 0.38 points. The heightened volatility saw the trading volume jump to 92,658 shares. Company has a market cap of $702 M.

Many Wall Street Analysts have commented on Argan. Lake Street Initiated Argan on Jun 9, 2016 to “Buy”, Price Target of the shares are set at $56.

Argan Inc. is a holding company. The Company conducts operations through its wholly owned subsidiaries Gemma Power Systems LLC and affiliates (GPS) and Southern Maryland Cable Inc. (SMC). The Company operates in two segments: power industry services and telecommunications infrastructure services. Through GPS the Company provides a range of development consulting engineering procurement construction commissioning operations and maintenance services to the power generation and renewable energy markets for a variety of customers including public utilities independent power project owners municipalities public institutions and private industry. Through SMC it provides telecommunications infrastructure services including project management construction and maintenance to the federal government local governments telecommunications and broadband service providers as well as electric utilities.

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