Bandera Partners buys $6.4 Million stake in PICO Holdings Inc (PICO)

PICO Holdings Inc (PICO) : Bandera Partners scooped up 95,418 additional shares in PICO Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 696,849 shares of PICO Holdings Inc which is valued at $6.4 Million.PICO Holdings Inc makes up approximately 3.89% of Bandera Partners’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. boosted its stake in PICO in the latest quarter, The investment management firm added 6,450 additional shares and now holds a total of 18,175 shares of PICO Holdings Inc which is valued at $166,665.Swiss National Bank boosted its stake in PICO in the latest quarter, The investment management firm added 7,000 additional shares and now holds a total of 35,100 shares of PICO Holdings Inc which is valued at $337,311. Nisa Investment Advisors L.l.c. added PICO to its portfolio by purchasing 9,300 company shares during the most recent quarter which is valued at $92,349.

PICO Holdings Inc opened for trading at $8.98 and hit $9.2799 on the upside on Wednesday, eventually ending the session at $9.06, with a gain of 1.00% or 0.09 points. The heightened volatility saw the trading volume jump to 62,862 shares. Company has a market cap of $209 M.

PICO Holdings Inc. (PICO) is a holding company. PICO operates through four segments: Water Resource and Water Storage Operations; Real Estate Operations; Agribusiness Operations and Corporate. PICO’s Water Resource and Water Storage Operations include the operations of Vidler Water Company Inc. which acquires and develops water resources and water storage operations in the southwestern United States. PICO’s Real Estate Operations are conducted through UCP Inc. a homebuilder and land developer in California and Puget Sound area of Washington State North Carolina South Carolina and Tennessee. PICO’s Agribusiness Operations are conducted through PICO Northstar Hallock LLC which operates a canola seed crushing facility in Hallock Minnesota. PICO’s Corporate segment includes its investments in small businesses and a portfolio of equity securities in publicly traded companies. The Company markets its developed homes under the Benchmark Communities brand.

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