Dimensional Fund Advisors LP trimmed its stake in shares of Argan, Inc. (NYSE:AGX) by 0.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 780,685 shares of the construction company’s stock after selling 7,095 shares during the period. Dimensional Fund Advisors LP owned 5.02% of Argan worth $52,501,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of AGX. Schwab Charles Investment Management Inc. grew its stake in Argan by 4.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 69,514 shares of the construction company’s stock valued at $4,171,000 after acquiring an additional 2,798 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Argan by 7.1% in the 2nd quarter. Rhumbline Advisers now owns 17,677 shares of the construction company’s stock worth $1,061,000 after buying an additional 1,168 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Argan by 36.7% in the 2nd quarter. SG Americas Securities LLC now owns 8,190 shares of the construction company’s stock worth $491,000 after buying an additional 2,199 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Argan by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 3,406 shares of the construction company’s stock worth $205,000 after buying an additional 190 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Argan by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,001 shares of the construction company’s stock worth $120,000 after buying an additional 301 shares in the last quarter. 87.55% of the stock is owned by institutional investors.
In other Argan news, Director John Ronald Jr. Jeffrey acquired 1,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was acquired at an average cost of $47.60 per share, with a total value of $47,600.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 9.50% of the company’s stock.
Separately, Lake Street Capital cut shares of Argan from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $71.00 to $56.00 in a research note on Thursday, December 7th.
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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.
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