Insider Buying: Pico Holdings Inc (NASDAQ:PICO) CEO Buys 5,262 Shares of Stock

Pico Holdings Inc (NASDAQ:PICO) CEO Dorothy Ann Timian-Palmer purchased 5,262 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average cost of $9.79 per share, for a total transaction of $51,514.98. Following the completion of the acquisition, the chief executive officer now directly owns 8,190 shares of the company’s stock, valued at approximately $80,180.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

PICO traded down $0.06 during midday trading on Wednesday, hitting $9.52. 99,691 shares of the company traded hands, compared to its average volume of 71,083. Pico Holdings Inc has a 52-week low of $8.85 and a 52-week high of $12.63. The stock’s 50 day moving average price is $10.67.

Pico (NASDAQ:PICO) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $2.66 million for the quarter.

Separately, TheStreet raised shares of Pico from a “d+” rating to a “c” rating in a report on Monday, June 3rd.

Institutional investors and hedge funds have recently bought and sold shares of the business. Osborn Williams & Donohoe LLC purchased a new position in Pico during the first quarter valued at $38,000. BNP Paribas Arbitrage SA lifted its holdings in Pico by 572.0% during the first quarter. BNP Paribas Arbitrage SA now owns 4,146 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 3,529 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Pico by 38.2% during the first quarter. Nisa Investment Advisors LLC now owns 11,950 shares of the financial services provider’s stock valued at $118,000 after purchasing an additional 3,300 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new position in Pico during the second quarter valued at $121,000. Finally, Cutler Group LP lifted its holdings in Pico by 35.8% during the first quarter. Cutler Group LP now owns 14,516 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 3,830 shares in the last quarter. 67.29% of the stock is currently owned by institutional investors and hedge funds.

About Pico

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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