Argan Inc shares had a trading volume of 256K in the last trading session. Overall, volume was up 101.30% over the stocks normal daily volume.
Investors are feeling more bullish on Argan Inc of late as inferred by the motion in short interest. The firm experienced a fall in short interest of -0.48% as of October 31, 2017 from the last reporting period. Short interest fell from 768,941 to 765,260 over that period. The short-interest ratio decreased to 5.0 and the percentage of shorted shares is 0.05% as of October 31.
Here is a rundown on some insider market activity for Argan Inc (NYSE:AGX). Director John Ronald Jr. Jeffrey acquired 1,000 shares at an average price of $68.02 on Fri the 20th. Jeffrey now owns $238,070 of stock as reported to the SEC. John Ronald Jr. Jeffrey, Director acquired $93,735 worth of shares at an average price of $62.49 on Tue the 19th. That brings Jeffrey’s holdings to $156,225 per an SEC filing yesterday.
These firms have modified their investment in AGX. Tiaa Cref Investment Management LLC reduced its investment by shedding 12,275 shares a decrease of 9.2% in the quarter. Tiaa Cref Investment Management LLC now controls 121,462 shares valued at $8,168,000. The value of the position overall is up by 1.8%. Ashford Capital Management Inc grew its ownership by buying 300 shares an increase of 0.2% from 06/30/2017 to 09/30/2017. Ashford Capital Management Inc currently owns 163,869 shares with a value of $11,020,000. The total value of its holdings increased 12.3%.
As of the end of the quarter Numeric Investors LLC had sold 52,800 shares trimming its holdings by 12.0%. The value of the investment in AGX went from $26,338,000 to $25,970,000 decreasing 1.4% since the last quarter. As of quarter end Renaissance Technologies LLC had disposed of a total of 63,300 shares trimming its position 4.7%. The value in dollars increased from $80,604,000 to $86,087,000 a change of 6.8% quarter to quarter.
The company is now down by 0.92% percent from yesterday’s close. The company currently has a P/E ratio of 10.83 and the market value is 918.63M. In the latest earnings report the EPS was $5.45 with 15.54M shares outstanding.
Argan, Inc., launched on May 15, 1961, 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 or TRC). The Business’s segments include power industry services, industrial fabrication and field services, and telecommunications infrastructure services. Through GPS, the Company provides a range of engineering, procurement, construction, commissioning, operations management, maintenance, development and consulting services to the power generation and renewable energy markets for a range of customers, including independent power project owners, public utilities, municipalities, public institutions and private industry. Through APC, the Company provides construction and technical services for power generation, oil and gas, industrial and process industry customers. Through SMC, the Company provides telecommunications infrastructure services, including project management, construction and maintenance to commercial, federal Government and local Government customers. Through TRC, the Company provides fully integrated fabrication, construction and plant services designed to work with heavy and light industrial customers..