PICO Holdings (NASDAQ:PICO) Director Dorothy Ann Timian-Palmer acquired 4,835 shares of PICO stock in a transaction that occurred on Wednesday, April 11th. The shares were purchased at an average price of $11.70 per share, with a total value of $56,569.50. Following the transaction, the director now owns 200 shares of the company’s stock, valued at approximately $2,340. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PICO stock opened at $12.00 on Tuesday. The firm has a market cap of $267.41, a P/E ratio of 36.09 and a beta of 1.24. PICO Holdings has a one year low of $10.60 and a one year high of $20.20.

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PICO (NASDAQ:PICO) last posted its quarterly earnings data on Thursday, March 1st. The financial services provider reported ($0.08) EPS for the quarter. The firm had revenue of $1.24 million for the quarter. PICO had a net margin of 1.28% and a return on equity of 1.75%.

PICO has been the subject of a number of research reports. BidaskClub upgraded PICO from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 20th. TheStreet cut PICO from a “c” rating to a “d” rating in a research report on Friday, December 22nd.

A number of institutional investors have recently bought and sold shares of PICO. Acadian Asset Management LLC purchased a new stake in PICO during the fourth quarter valued at $110,000. Raymond James & Associates purchased a new stake in PICO in the fourth quarter worth about $131,000. MetLife Investment Advisors LLC purchased a new stake in PICO in the fourth quarter worth about $155,000. Clarus Wealth Advisors purchased a new stake in PICO in the fourth quarter worth about $208,000. Finally, Nisa Investment Advisors LLC increased its position in PICO by 122.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,500 shares of the financial services provider’s stock worth $250,000 after buying an additional 10,740 shares in the last quarter. Institutional investors own 70.87% of the company’s stock.

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About PICO

PICO Holdings, Inc 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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