River Road Amends Argan Inc. Stake, Signals Ownership Change
Ticker: AGX · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 100591
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, SC-13G, ownership-change
TL;DR
**River Road Asset Management updated their Argan Inc. ownership, signaling a change in their stake.**
AI Summary
River Road Asset Management, LLC, a Kentucky-based investment firm, filed an amended SC 13G/A on January 30, 2024, indicating a change in their ownership of Argan, Inc. common stock as of December 31, 2023. This filing, an amendment number 5, updates their previous disclosures regarding their stake in Argan, Inc., a construction special trade contractor. This matters to investors because significant changes in institutional ownership can signal shifts in confidence or strategy regarding the stock.
Why It Matters
Changes in institutional ownership can influence stock price and investor sentiment, as large investors often conduct extensive due diligence.
Risk Assessment
Risk Level: low — This filing is a routine update on institutional ownership and does not inherently indicate high risk.
Analyst Insight
An investor should monitor subsequent filings from River Road Asset Management, LLC to understand the magnitude of their ownership change in Argan, Inc. and consider if this aligns with their own investment thesis.
Key Players & Entities
- River Road Asset Management, LLC (company) — the reporting person filing the SC 13G/A
- Argan, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
- 0000100591 (number) — Central Index Key (CIK) for Argan, Inc.
- 0001341401 (number) — Central Index Key (CIK) for River Road Asset Management, LLC
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 5)' sections.
Who is the reporting person in this filing?
The reporting person is River Road Asset Management, LLC, as indicated under the 'FILED BY' section and 'NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON River Road Asset Management, LLC'.
What is the subject company whose securities are being reported?
The subject company is Argan, Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARGAN INC' and 'Argan, Inc. (Name of Issuer)'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Argan, Inc. is 04010E109, as listed under the 'CUSIP Number' section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding ARGAN INC (AGX).