Arko (NASDAQ:ARKO) Sets New 52-Week Low at $4.16

Arko Corp. (NASDAQ:ARKO)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $4.16 and last traded at $4.39, with a volume of 558169 shares traded. The stock had previously closed at $4.64.

Analyst Ratings Changes

ARKO has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of Arko from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, April 19th. BMO Capital Markets reduced their target price on shares of Arko from $8.00 to $7.00 and set a “market perform” rating for the company in a report on Thursday, February 29th.

Arko Trading Down 7.3 %

The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 3.77. The firm has a market cap of $497.68 million, a PE ratio of 16.80 and a beta of 0.28. The company has a 50-day simple moving average of $5.75 and a 200 day simple moving average of $7.09.

Arko (NASDAQ:ARKO) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.40 billion. Arko had a net margin of 0.37% and a return on equity of 12.32%. During the same quarter last year, the business earned $0.09 earnings per share. As a group, sell-side analysts forecast that Arko Corp. will post 0.09 earnings per share for the current fiscal year.

Arko Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.12 dividend on an annualized basis and a yield of 2.79%. Arko’s payout ratio is 48.00%.

Insiders Place Their Bets

In other news, major shareholder Morris Willner sold 2,792,631 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $6.76, for a total value of $18,878,185.56. Following the completion of the sale, the insider now directly owns 11,683,980 shares in the company, valued at $78,983,704.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 21.60% of the stock is currently owned by company insiders.

Institutional Trading of Arko

Several institutional investors have recently modified their holdings of ARKO. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Arko by 7.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,905 shares of the company’s stock worth $264,000 after buying an additional 2,526 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Arko by 24.0% in the third quarter. Arizona State Retirement System now owns 18,840 shares of the company’s stock worth $135,000 after acquiring an additional 3,651 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Arko during the third quarter worth approximately $434,000. Barclays PLC raised its stake in Arko by 77.3% in the 3rd quarter. Barclays PLC now owns 76,781 shares of the company’s stock valued at $550,000 after purchasing an additional 33,480 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Arko in the 3rd quarter valued at $153,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Arko Company Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.