Arko (NASDAQ:ARKO) Sees Strong Trading Volume

Shares of Arko Corp. (NASDAQ:ARKO) saw unusually-strong trading volume on Friday . Approximately 108,195 shares were traded during trading, a decline of 56% from the previous session’s volume of 244,872 shares.The stock last traded at $7.45 and had previously closed at $7.47.

Analyst Upgrades and Downgrades

Several analysts have commented on ARKO shares. Odeon Capital Group started coverage on shares of Arko in a research report on Wednesday, August 9th. They set a “buy” rating and a $11.00 target price for the company. Wells Fargo & Company boosted their price target on shares of Arko from $7.50 to $8.00 and gave the company an “equal weight” rating in a report on Wednesday, August 9th.

Arko Stock Down 1.2 %

The company has a market cap of $875.69 million, a price-to-earnings ratio of 21.71 and a beta of 0.34. The company has a current ratio of 1.52, a quick ratio of 0.99 and a debt-to-equity ratio of 3.73. The firm’s fifty day moving average price is $7.91 and its 200-day moving average price is $8.03.

Arko (NASDAQ:ARKO) last announced its earnings results on Monday, August 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.10). The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.46 billion. Arko had a return on equity of 17.98% and a net margin of 0.54%. Sell-side analysts predict that Arko Corp. will post 0.25 earnings per share for the current year.

Arko Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Monday, August 14th. Arko’s payout ratio is presently 35.29%.

Hedge Funds Weigh In On Arko

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in Arko by 2.4% in the 2nd quarter. California State Teachers Retirement System now owns 74,984 shares of the company’s stock worth $596,000 after purchasing an additional 1,773 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Arko by 113.9% during the 2nd quarter. Wells Fargo & Company MN now owns 34,332 shares of the company’s stock worth $273,000 after buying an additional 18,282 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Arko by 93.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,798 shares of the company’s stock worth $46,000 after buying an additional 2,794 shares during the last quarter. State Street Corp boosted its stake in shares of Arko by 0.9% during the 2nd quarter. State Street Corp now owns 1,840,860 shares of the company’s stock worth $14,635,000 after buying an additional 16,384 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Arko by 3.8% during the 2nd quarter. Renaissance Technologies LLC now owns 189,400 shares of the company’s stock worth $1,506,000 after buying an additional 6,900 shares during the last quarter. 75.02% of the stock is owned by institutional investors and hedge funds.

Arko Company Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPM Petroleum 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.