Thomson Horstmann Bryant Inc buys $14,662,890 stake in Argan (AGX)

Argan (AGX) : Thomson Horstmann Bryant Inc scooped up 22,300 additional shares in Argan during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 434,456 shares of Argan which is valued at $14,662,890.Argan makes up approximately 1.71% of Thomson Horstmann Bryant Inc’s portfolio.

Argan opened for trading at $33.48 and hit $33.99 on the upside on Friday, eventually ending the session at $33.75, with a gain of 0.78% or 0.26 points. The heightened volatility saw the trading volume jump to 1,69,463 shares. Company has a market cap of $501 M.

Other Hedge Funds, Including , First Quadrant L Pca sold out all of its stake in AGX during the most recent quarter. The investment firm sold 16,250 shares of AGX which is valued $548,438. New York State Teachers Retirement System sold out all of its stake in AGX during the most recent quarter. The investment firm sold 1,100 shares of AGX which is valued $37,125. Acadian Asset Management sold out all of its stake in AGX during the most recent quarter. The investment firm sold 315,954 shares of AGX which is valued $10,593,938.1st Global Advisors reduced its stake in AGX by selling 559 shares or 5.14% in the most recent quarter. The Hedge Fund company now holds 10,313 shares of AGX which is valued at $345,795. Argan makes up approx 0.05% of 1st Global Advisors’s portfolio. Eagle Asset Management Inc added AGX to its portfolio by purchasing 178,589 company shares during the most recent quarter which is valued at $5,823,787. Argan makes up approx 0.04% of Eagle Asset Management Inc’s portfolio.

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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