PICO Holdings Inc. (PICO) Announces Earnings Results
PICO Holdings Inc. (NASDAQ:PICO) released its quarterly earnings data on Tuesday. The financial services provider reported ($0.34) earnings per share (EPS) for the quarter, reports. PICO Holdings had a negative net margin of 2.23% and a negative return on equity of 0.68%.
PICO Holdings (NASDAQ:PICO) traded down $1.07 on Tuesday, reaching $17.83. The company had a trading volume of 252,554 shares, compared to its average volume of 147,558. PICO Holdings has a 52-week low of $12.10 and a 52-week high of $20.20.
The company also recently disclosed a special dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be given a dividend of $5.00 per share. The ex-dividend date is Friday, November 3rd.
A number of analysts recently issued reports on PICO shares. BidaskClub cut PICO Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. ValuEngine cut PICO Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.
About PICO Holdings
PICO Holdings, Inc (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. Its subsidiary, Vidler Water Company, Inc (Vidler), owns water resources and water storage operations in the southwestern United States, with assets and operations in Nevada, Arizona, Colorado and New Mexico.
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