Alambic Investment Management L.P. acquired a new position in shares of Argan, Inc. (NYSE:AGX) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,153 shares of the construction company’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AGX. LSV Asset Management bought a new position in shares of Argan during the 4th quarter valued at approximately $1,233,000. Dupont Capital Management Corp bought a new position in shares of Argan during the 4th quarter valued at approximately $440,000. Chicago Equity Partners LLC increased its position in shares of Argan by 43.9% during the 4th quarter. Chicago Equity Partners LLC now owns 85,555 shares of the construction company’s stock valued at $3,850,000 after purchasing an additional 26,110 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Argan by 56.0% during the 4th quarter. Bessemer Group Inc. now owns 17,000 shares of the construction company’s stock valued at $765,000 after purchasing an additional 6,100 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Argan by 43.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 79,931 shares of the construction company’s stock valued at $3,597,000 after purchasing an additional 24,213 shares during the last quarter. 83.27% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on AGX. Lake Street Capital downgraded Argan from a “buy” rating to a “hold” rating and cut their target price for the company from $71.00 to $56.00 in a research report on Thursday, December 7th. TheStreet downgraded Argan from a “b-” rating to a “c+” rating in a research report on Tuesday.

Argan, Inc. (NYSE:AGX) opened at $39.50 on Friday. The firm has a market capitalization of $614.17, a P/E ratio of 7.33 and a beta of 0.81. Argan, Inc. has a 12-month low of $37.80 and a 12-month high of $74.78.

Argan (NYSE:AGX) last released its earnings results on Wednesday, December 6th. The construction company reported $1.09 earnings per share for the quarter. The firm had revenue of $232.95 million for the quarter. Argan had a return on equity of 26.24% and a net margin of 9.18%.

In other Argan news, Director John Ronald Jr. Jeffrey acquired 1,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were bought at an average price of $47.60 per share, with a total value of $47,600.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.50% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://www.watchlistnews.com/alambic-investment-management-l-p-takes-position-in-argan-inc-agx/1856431.html.

Argan Company Profile

Argan, Inc is a holding company. The Company conducts operations through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc (SMC) and The Roberts Company (Roberts). Through GPS and APC, the Company’s power industry services segment provides engineering, procurement, construction, commissioning, operations management, maintenance, development, technical and consulting services to the power generation and renewable energy markets.

Want to see what other hedge funds are holding AGX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Argan, Inc. (NYSE:AGX).

Institutional Ownership by Quarter for Argan (NYSE:AGX)

Receive News & Ratings for Argan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argan and related companies with MarketBeat.com's FREE daily email newsletter.