ARGAN INC

Ticker: AGX CUSIP: 04010E109 Class: Common Stock

STONERIDGE INVESTMENT PARTNERS LLC's Holding History (CIK: 0001108831)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016

Shares 17,680 Value ($000) $622 Avg Close $24.56 Range $21.93 - $27.70

Q4 2015

Shares 19,938 Value ($000) $646 Avg Close $28.09 Range $23.29 - $31.38

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	17,680	$622	$24.56	$21.93 - $27.70
Q4 2015	19,938	$646	$28.09	$23.29 - $31.38