Events & Presentations
|10/12/16||PICO Holdings Board of Directors Announces Management Changes and Concludes Synthonics Investigation|
|LA JOLLA, Calif., Oct. 12, 2016 (GLOBE NEWSWIRE) -- PICO Holdings, Inc. (NASDAQ:PICO) today announced that its board of directors has terminated John R. Hart as CEO of the Company, and as CEO of Vidler Water Company, effective immediately. In connection with his termination, Mr. Hart will receive severance benefits in accordance with his Amended and Restated Employment Agreement dated March 11, 2016. Raymond Marino, Chair of PICO’s board of directors, indicated, “The decision to terminate Mr... |
|10/10/16||PICO Holdings, Inc. Announces the Sale of a Majority of Its Oil & Gas Assets|
|LA JOLLA, Calif., Oct. 10, 2016 (GLOBE NEWSWIRE) -- PICO Holdings, Inc. (NASDAQ:PICO) announced today that on October 7, 2016, its Mendell Energy group of companies closed on the sale of a majority of their oil and gas assets, consisting of certain oil and gas lease interests and producing wells in the Wattenberg Field, Colorado, for gross proceeds of $10.2 million. The effective date of the transaction was October 1, 2016. The purchase and sale agreement for these oil and gas assets provides ... |
|08/08/16||PICO Holdings, Inc. Announces Results for the Second Quarter of 2016|
|LA JOLLA, Calif., Aug. 08, 2016 (GLOBE NEWSWIRE) -- PICO Holdings, Inc. (NASDAQ:PICO) reported results for the second quarter ended June 30, 2016. PICO reported shareholders’ equity of $336 million ($14.58 per share) at June 30, 2016, compared to $346.4 million ($15.04 per share) at December 31, 2015.
Second Quarter Segment Results of Operations
For the second quarter of 2016, PICO reported a net loss of $3.4 million ($0.15 per share), compared to a net loss of $49.8 million ($2.17 per sh... |
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