Assenagon Asset Management S.A. Purchases New Stake in Pico Holdings Inc (NASDAQ:PICO)

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Assenagon Asset Management S.A. purchased a new stake in Pico Holdings Inc (NASDAQ:PICO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 32,473 shares of the financial services provider’s stock, valued at approximately $274,000. Assenagon Asset Management S.A. owned 0.17% of Pico at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Citigroup Inc. grew its position in Pico by 33.7% in the 1st quarter. Citigroup Inc. now owns 6,319 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 1,592 shares during the period. Clarus Wealth Advisors acquired a new stake in Pico in the 2nd quarter valued at $80,000. Victory Capital Management Inc. grew its position in Pico by 227.9% in the 4th quarter. Victory Capital Management Inc. now owns 11,241 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 7,813 shares during the period. Marquette Asset Management LLC acquired a new stake in Pico in the 1st quarter valued at $103,000. Finally, Trexquant Investment LP acquired a new stake in Pico in the 1st quarter valued at $128,000. 69.10% of the stock is owned by institutional investors and hedge funds.

Separately, TheStreet downgraded shares of Pico from a “c” rating to a “d+” rating in a report on Tuesday, May 26th.

PICO opened at $8.12 on Friday. The company has a market capitalization of $156.80 million, a price-to-earnings ratio of 54.13 and a beta of 1.02. The firm’s fifty day moving average price is $8.20 and its two-hundred day moving average price is $8.65. Pico Holdings Inc has a 1 year low of $6.41 and a 1 year high of $11.41.

Pico (NASDAQ:PICO) last posted its quarterly earnings data on Thursday, May 7th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $0.23 million for the quarter. Pico had a return on equity of 1.73% and a net margin of 17.31%.

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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Institutional Ownership by Quarter for Pico (NASDAQ:PICO)

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