Ashford Capital Management Inc Lowers stake in Argan (AGX)

Argan (AGX) : Ashford Capital Management Inc reduced its stake in Argan by 1.21% during the most recent quarter end. The investment management company now holds a total of 724,340 shares of Argan which is valued at $23.7 Million after selling 8,900 shares in Argan , the firm said in a disclosure report filed with the SEC on May 13, 2016.Argan makes up approximately 5.63% of Ashford Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Geode Capital Management reduced its stake in AGX by selling 3,411 shares or 1.58% in the most recent quarter. The Hedge Fund company now holds 212,040 shares of AGX which is valued at $6.9 Million. Sg Americas Securities added AGX to its portfolio by purchasing 60,770 company shares during the most recent quarter which is valued at $2 Million. Argan makes up approx 0.02% of Sg Americas Securities’s portfolio.Trexquant Investment Lp reduced its stake in AGX by selling 1,949 shares or 18.14% in the most recent quarter. The Hedge Fund company now holds 8,797 shares of AGX which is valued at $287,838. Argan makes up approx 0.03% of Trexquant Investment Lp’s portfolio.Heartland Advisors Inc boosted its stake in AGX in the latest quarter, The investment management firm added 176,711 additional shares and now holds a total of 326,711 shares of Argan which is valued at $11.1 Million. Argan makes up approx 0.58% of Heartland Advisors Inc’s portfolio.American Century Companies Inc reduced its stake in AGX by selling 36,755 shares or 38.22% in the most recent quarter. The Hedge Fund company now holds 59,414 shares of AGX which is valued at $2 Million.

Argan opened for trading at $34.7 and hit $34.97 on the upside on Wednesday, eventually ending the session at $34.63, with a gain of 0.20% or 0.07 points. The heightened volatility saw the trading volume jump to 82,687 shares. Company has a market cap of $514 M.

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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