Argan Inc (AGX) Files Form 4 Insider Selling : Cynthia Flanders Sells 10,000 Shares

Argan Inc (AGX): Cynthia Flanders , director of Argan Inc sold 10,000 shares on Sep 26, 2016. The Insider selling transaction was reported by the company on Sep 27, 2016 to the Securities and Exchange Commission. The shares were sold at $57.24 per share for a total value of $572,366.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 21, 2016, James W Quinn (director) sold 10,000 shares at $56.41 per share price.On Sep 20, 2016, Rainer H Bosselmann (Chairman of the Board and CEO) sold 30,000 shares at $54.44 per share price.Also, On Sep 15, 2016, William F Jr Griffin (VC/CEO of Gemma Power Systems) sold 25,000 shares at $52.16 per share price.On Sep 14, 2016, Richard H Deily (Vice President) sold 10,000 shares at $52.46 per share price.

Argan: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Argan which led to swings in the share price. The shares opened for trading at $56.93 and hit $57.69 on the upside , eventually ending the session at $57.38, with a gain of 0.76% or 0.43 points. The heightened volatility saw the trading volume jump to 3,45,318 shares. The 52-week high of the share price is $57.22 and the company has a market cap of $863 M . The 52-week low of the share price is at $28.03.

Argan Money Flow Index Chart

On Sep 15, 2016, Argan announced a cash dividend of $0.7000. The company’s management has announced Oct 14, 2016 as the ex-dividend date and fixed the record date on Oct 18, 2016. The payable date has been fixed on Oct 28, 2016.

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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