Benchmark Capital Advisors Trims Position in PICO Holdings Inc. (PICO)

Benchmark Capital Advisors lowered its position in shares of PICO Holdings Inc. (NASDAQ:PICO) by 12.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,207 shares of the financial services provider’s stock after selling 3,793 shares during the period. Benchmark Capital Advisors owned about 0.11% of PICO Holdings worth $438,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. TIAA CREF Investment Management LLC grew its position in PICO Holdings by 0.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 69,983 shares of the financial services provider’s stock worth $1,225,000 after acquiring an additional 415 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of PICO Holdings by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 96,784 shares of the financial services provider’s stock valued at $1,694,000 after buying an additional 589 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of PICO Holdings by 8.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,760 shares of the financial services provider’s stock valued at $144,000 after buying an additional 700 shares during the last quarter. American International Group Inc. grew its position in shares of PICO Holdings by 7.0% in the 1st quarter. American International Group Inc. now owns 13,453 shares of the financial services provider’s stock valued at $188,000 after buying an additional 875 shares during the last quarter. Finally, Bard Associates Inc. grew its position in shares of PICO Holdings by 0.9% in the 2nd quarter. Bard Associates Inc. now owns 105,980 shares of the financial services provider’s stock valued at $1,855,000 after buying an additional 990 shares during the last quarter. Institutional investors and hedge funds own 71.14% of the company’s stock.

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PICO Holdings Inc. (PICO) traded up 9.07% during midday trading on Friday, hitting $19.85. The company’s stock had a trading volume of 539,441 shares. The stock has a 50 day moving average of $17.57 and a 200 day moving average of $16.88. The company’s market cap is $459.27 million. PICO Holdings Inc. has a 52-week low of $11.95 and a 52-week high of $19.95.

PICO Holdings (NASDAQ:PICO) last released its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.06 EPS for the quarter. The firm had revenue of $8.63 million for the quarter. PICO Holdings had a negative return on equity of 0.68% and a negative net margin of 2.23%. On average, equities analysts expect that PICO Holdings Inc. will post ($1.45) EPS for the current year.

The business also recently disclosed a special dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be issued a $5.00 dividend. The ex-dividend date of this dividend is Friday, November 3rd.

PICO has been the topic of a number of analyst reports. BidaskClub lowered PICO Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. ValuEngine lowered PICO Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

PICO Holdings Profile

PICO Holdings, Inc (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. Its subsidiary, Vidler Water Company, Inc (Vidler), owns water resources and water storage operations in the southwestern United States, with assets and operations in Nevada, Arizona, Colorado and New Mexico.

Institutional Ownership by Quarter for PICO Holdings (NASDAQ:PICO)

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