Argan Inc (AGX): Daniel L Martin , President, Gemma Power Systems of Argan Inc sold 15,000 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $41.10 per share for a total value of $616,520.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 11, 2016, David Hibbert Watson (CFO) purchased 350 shares at $29.18 per share price.On Dec 16, 2015, Peter W Getsinger (director) purchased 3,300 shares at $32.56 per share price.Also, On Jun 8, 2015, Brian R Sherras (director) purchased 27,965 shares at $0.00 per share price.On Apr 29, 2015, Daniel L Martin (President, Gemma Power Systems) sold 30,000 shares at $32.51 per share price.
Argan: On Friday, Jun 10, 2016 heightened volatility was witnessed in Argan which led to swings in the share price. The shares opened for trading at $41.14 and hit $43.025 on the upside , eventually ending the session at $42.96, with a gain of 3.27% or 1.36 points. The heightened volatility saw the trading volume jump to 4,71,960 shares. The 52-week high of the share price is $43.025 and the company has a market cap of $638 M . The 52-week low of the share price is at $28.03.
Company has been under the radar of several Street Analysts.Argan is Initiated by Lake Street to Buy and the brokerage firm has set the Price Target at $56. The Rating was issued on Jun 9, 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.