Arko (NASDAQ:ARKO) Hits New 52-Week Low at $4.94

Shares of Arko Corp. (NASDAQ:ARKO) hit a new 52-week low during trading on Wednesday . The company traded as low as $4.94 and last traded at $5.02, with a volume of 49569 shares trading hands. The stock had previously closed at $5.12.

Analysts Set New Price Targets

Separately, BMO Capital Markets decreased their price target on shares of Arko from $8.00 to $7.00 and set a “market perform” rating for the company in a research report on Thursday, February 29th.

Arko Stock Down 0.6 %

The firm’s 50 day moving average price is $6.59 and its two-hundred day moving average price is $7.33. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 3.77. The firm has a market capitalization of $559.99 million, a PE ratio of 19.28 and a beta of 0.28.

Arko (NASDAQ:ARKO) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate 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 company earned $0.09 earnings per share. As a group, research analysts forecast that Arko Corp. will post 0.09 EPS for the current fiscal year.

Arko Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were issued a $0.03 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.49%. Arko’s dividend payout ratio (DPR) is 48.00%.

Insiders Place Their Bets

In other Arko news, major shareholder Morris Willner sold 2,792,631 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $6.76, for a total transaction of $18,878,185.56. Following the sale, the insider now directly owns 11,683,980 shares of the company’s stock, valued at $78,983,704.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 32.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arko

A number of large investors have recently bought and sold shares of ARKO. Tower Research Capital LLC TRC raised its position in shares of Arko by 149.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,004 shares of the company’s stock worth $26,000 after purchasing an additional 1,801 shares during the period. Public Employees Retirement System of Ohio increased its position in Arko by 40.5% in the third quarter. Public Employees Retirement System of Ohio now owns 4,172 shares of the company’s stock worth $39,000 after buying an additional 1,203 shares during the period. Ensign Peak Advisors Inc bought a new stake in Arko in the third quarter valued at $72,000. ProShare Advisors LLC acquired a new position in shares of Arko during the second quarter valued at $85,000. Finally, Rafferty Asset Management LLC acquired a new position in shares of Arko during the fourth quarter valued at $90,000. Institutional investors own 78.29% of the company’s stock.

About Arko

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.