Alpine Investment Management purchased 60,000 shares of Argan in Q3, valued at $16.20 million as of September 30. This represents 13.62% of the fund’s assets, making it the fourth-largest holding. The company initiated this new position in Argan, a diversified engineering and construction firm focused on power generation and renewable energy markets. Argan reported a record project backlog of $3.0 billion, with strong financial performance and no debt. The stock has outperformed the S&P 500, showing potential for further growth. Analysts recommend considering this stock for investment opportunities.

Read more at Nasdaq: This Stock Is Up 127%, and a New $16 Million Position Suggests There’s Room to Grow