Argan Inc (AGX): William F Jr Griffin , VC/CEO of Gemma Power Systems of Argan Inc sold 33,689 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $51.58 per share for a total value of $1,737,715.62 , 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 13, 2016, William F Jr Griffin (VC/CEO of Gemma Power Systems) sold 16,311 shares at $52.50 per share price.On Jul 14, 2016, Richard H Deily (Vice President) sold 7,000 shares at $46.78 per share price.Also, On Jun 14, 2016, Daniel L Martin (President, Gemma Power Systems) sold 15,000 shares at $41.10 per share price.On Jan 11, 2016, David Hibbert Watson (CFO) purchased 350 shares at $29.18 per share price.
Argan: On Monday, Sep 12, 2016 heightened volatility was witnessed in Argan which led to swings in the share price. The shares opened for trading at $51.27 and hit $52.14 on the upside , eventually ending the session at $52, with a gain of 0.79% or 0.41 points. The heightened volatility saw the trading volume jump to 204,952 shares. The 52-week high of the share price is $53.3 and the company has a market cap of $782 M . The 52-week low of the share price is at $28.03.
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.