Pico Holdings Inc (NASDAQ:PICO) Director Eric H. Speron acquired 4,305 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $10.49 per share, for a total transaction of $45,159.45. Following the completion of the acquisition, the director now directly owns 65,305 shares of the company’s stock, valued at approximately $685,049.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ PICO traded down $0.03 during trading on Friday, reaching $10.48. 43,854 shares of the company traded hands, compared to its average volume of 60,760. The stock’s 50 day moving average price is $9.87 and its two-hundred day moving average price is $10.64. Pico Holdings Inc has a 1-year low of $8.85 and a 1-year high of $12.63.
Pico (NASDAQ:PICO) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported ($0.06) earnings per share for the quarter. The business had revenue of $2.66 million during the quarter.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PICO. Marshall Wace LLP acquired a new stake in Pico during the second quarter valued at approximately $620,000. Russell Investments Group Ltd. acquired a new position in shares of Pico in the 2nd quarter worth approximately $496,000. Bank of America Corp DE boosted its holdings in shares of Pico by 475.9% in the 2nd quarter. Bank of America Corp DE now owns 46,991 shares of the financial services provider’s stock worth $547,000 after acquiring an additional 38,831 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Pico by 30.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 121,668 shares of the financial services provider’s stock worth $1,414,000 after acquiring an additional 28,111 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Pico by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 901,852 shares of the financial services provider’s stock worth $10,480,000 after acquiring an additional 27,473 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors.
PICO Holdings, Inc, together with its subsidiaries, engages in the water resource and water storage activities in the southwestern United States. It engages in selling its water rights and storage credits in Arizona, Colorado, Nevada, and New Mexico. The Company sells its water rights to real estate developers, power generating facilities, or other commercial and industrial users, as well as to water utilities, municipalities, and other government agencies; and sells its stored water to state agencies, commercial developers, or municipalities for their commercial projects or communities.
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