Argan (AGX) Holding Held by Delphi Management Inc; As Energous (WATT) Stock Price Declined, Holder Schnieders Capital Management Has Trimmed Its Holding by $362,100

February 14, 2018 - By Louis Casey

Schnieders Capital Management Llc decreased its stake in Energous Corp (WATT) by 60.73% based on its latest 2017Q3 regulatory filing with the SEC. Schnieders Capital Management Llc sold 30,175 shares as the company’s stock declined 1.87% while stock markets rallied. The institutional investor held 19,511 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $247,000, down from 49,686 at the end of the previous reported quarter. Schnieders Capital Management Llc who had been investing in Energous Corp for a number of months, seems to be less bullish one the $444.27 million market cap company. The stock increased 2.09% or $0.41 during the last trading session, reaching $20. About 252,722 shares traded. Energous Corporation (NASDAQ:WATT) has risen 57.63% since February 14, 2017 and is uptrending. It has outperformed by 40.93% the S&P500.

Delphi Management Inc increased its stake in Argan (AGX) by 53.09% based on its latest 2017Q3 regulatory filing with the SEC. Delphi Management Inc bought 5,165 shares as the company’s stock declined 5.69% while stock markets rallied. The institutional investor held 14,894 shares of the basic industries company at the end of 2017Q3, valued at $1.00M, up from 9,729 at the end of the previous reported quarter. Delphi Management Inc who had been investing in Argan for a number of months, seems to be bullish on the $613.40M market cap company. The stock decreased 0.13% or $0.05 during the last trading session, reaching $39.45. About 19,025 shares traded. Argan, Inc. (NYSE:AGX) has risen 101.20% since February 14, 2017 and is uptrending. It has outperformed by 84.50% the S&P500.

Delphi Management Inc, which manages about $966.00 million and $178.89M US Long portfolio, decreased its stake in Wells Fargo And Co (NYSE:WFC) by 43,853 shares to 43,098 shares, valued at $2.38M in 2017Q3, according to the filing. It also reduced its holding in Wpp Plc (NASDAQ:WPPGY) by 22,580 shares in the quarter, leaving it with 22,213 shares, and cut its stake in Zimmer Biomet Holdings (ZMH).

Among 3 analysts covering Argan (NYSE:AGX), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Argan had 4 analyst reports since October 16, 2015 according to SRatingsIntel. On Thursday, December 8 the stock rating was downgraded by Avondale to “Mkt Perform”. As per Thursday, December 7, the company rating was downgraded by Lake Street. The stock has “Buy” rating by Lake Street on Thursday, June 9. Wm Smith initiated the shares of AGX in report on Friday, October 16 with “Not Rated” rating.

Among 3 analysts covering Energous Corp (NASDAQ:WATT), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Energous Corp had 9 analyst reports since August 14, 2015 according to SRatingsIntel. Oppenheimer maintained the stock with “Hold” rating in Thursday, August 10 report. Oppenheimer maintained Energous Corporation (NASDAQ:WATT) on Monday, September 21 with “Buy” rating. The company was maintained on Saturday, August 22 by Oppenheimer. On Thursday, December 28 the stock rating was maintained by Roth Capital with “Buy”. On Monday, December 7 the stock rating was initiated by Ladenburg Thalmann with “Buy”. The firm earned “Perform” rating on Tuesday, January 24 by Oppenheimer. Zacks upgraded it to “Hold” rating and $7.75 target in Friday, August 14 report. The firm earned “Buy” rating on Monday, August 7 by Roth Capital. Oppenheimer maintained the stock with “Hold” rating in Friday, January 5 report.

Since August 21, 2017, it had 0 insider purchases, and 10 insider sales for $1.31 million activity. Another trade for 9,699 shares valued at $91,139 was made by Johnston Cesar on Monday, August 21. 4,750 shares were sold by Sereda Brian J, worth $44,240 on Monday, August 21. Gaulding John had sold 11,353 shares worth $268,714 on Tuesday, January 2. $97,933 worth of stock was sold by Leabman Michael Aaron on Monday, August 21.

Schnieders Capital Management Llc, which manages about $380.34 million and $228.96 million US Long portfolio, upped its stake in Fedex Corp (NYSE:FDX) by 1,760 shares to 3,454 shares, valued at $779,000 in 2017Q3, according to the filing. It also increased its holding in Bank Amer Corp (NYSE:BAC) by 23,508 shares in the quarter, for a total of 184,077 shares, and has risen its stake in Citigroup Inc (NYSE:C).

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