argan13ga_17019.htm
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13G/A
 
 
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
 
 
 
Argan Inc.
(Name of Issuer)
 
 
  Common Stock, $0.15 Par Value Per Share  
(Title of Class of Securities)
 
 
          04010E109          
(CUSIP Number)
 
 
                        December 31, 2010                        
(Date of Event Which Requires Filing of this Statement)


 

 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
x           Rule 13d-1(b)
 
o           Rule 13d-1(c)
 
o           Rule 13d-1(d)
 
 
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
 
 
    CUSIP No. 04010E109
Schedule 13G
Page 2 of 5 Pages
 
1
NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
 
Ashford Capital Management, Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o
(b) o
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
 
NUMBER OF
5
SOLE VOTING POWER
 
0 shares
SHARES
BENEFICIALLY
OWNED BY
6
SHARED VOTING POWER
 
0 shares
EACH
REPORTING
PERSON
7
SOLE DISPOSITIVE POWER
 
0 shares
WITH
8
SHARED DISPOSITIVE POWER
 
0 shares
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
0 shares
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*   o
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
0%
12
TYPE OF REPORTING PERSON*
 
IA
 
 
 
 
 
    CUSIP No. 04010E109
Schedule 13G
Page 3 of 5 Pages
 
 
Item 1.
 
 
(a)
Name of Issuer:
 
 
Argan Inc.

(b)           Address of Issuer’s Principal Executive Offices:
 
One Church Street, Suite 401, Rockville, MD 20850

Item 2.
 
(a)           Name of Person Filing:
 
Ashford Capital Management, Inc.
 
(b)           Address of Principal Business Office or, if none, Residence:
 
1 Walker’s Mill Rd., P.O. Box 4172, Wilmington, DE  19807
 
 
  (c)
 Citizenship:  A Delaware Corporation
 
 
  (d)
  Title of Class of Securities:  Common Stock, $0.15 Par Value Per Share
 
 
  (e)
  CUSIP Number:
04010E109
 

Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
 
(a)
o
 Broker or dealer registered under section 15 of the Act
 
(b)
o
 Bank as defined in section 3(a)(6) of the Act
 
(c)
o
 Insurance company as defined in section 3(a)(19) of the Act
 
(d)
o
Investment company registered under section 8 of the Investment Company Act of 1940
 
(e)
x
An investment adviser in accordance with §240.13d-1(b)(1(ii)(E)
 
(f)
o
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F)
 
(g)
o
A parent holding company or control person  in accordance with §240.13d-1(b)(1)(ii)(G)
 
(h)
o
A savings association as defined in section 3(b) of the Federal Deposit Insurance Act
 
(i)
o
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940
 
(j)
o
Group, in accordance with §240.13d-1(b)-1(ii)(J)

Item 4.                   Ownership
 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
 
 
(a)
Amount Beneficially Owned:
0 shares
 
 
(b)
 Percent of Class:
0%
 
 
The foregoing percentage is calculated based on 13,596,494 shares of Common Stock reported to be outstanding as of December 3, 2010 in the Issuer’s October 31, 2010 Quarterly Report filed on Form 10-Q.

(c)           Number of shares as to which such person has:
 
(i)  Sole power to vote or to direct the vote:                                               0 shares
 
 
 
 
 
    CUSIP No. 04010E109
Schedule 13G
Page 4 of 5 Pages
 
 
 
(ii)  Shared power to vote or to direct the vote:                                                 0 shares
 
(iii)  Sole power to dispose or to direct the disposition of:                              0 shares
 
(iv)  Shared power to dispose or to direct the disposition of:                         0 shares

Item 5.                   Ownership of Five Percent or Less of a Class
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x.

Item 6.                   Ownership of More than Five Percent on Behalf of Another Person

N/A

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

N/A

Item 8.                    Identification and Classification of Members of the Group

N/A

Item 9.                    Notice of Dissolution of Group

N/A

Item 10.                 Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 
 
 
 
 
    CUSIP No. 04010E109
Schedule 13G
Page 5 of 5 Pages
 
 
 
SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:          February 9, 2011
 
 

 
ASHFORD CAPITAL MANAGEMENT, INC.


By:          /s/ Anthony Petrucci                                                     
  Anthony M. Petrucci
  Chief Financial Officer and Chief Compliance Officer