Arko (NASDAQ:ARKO) Reaches New 52-Week Low at $4.33

Arko Corp. (NASDAQ:ARKO) hit a new 52-week low on Wednesday . The company traded as low as $4.33 and last traded at $4.36, with a volume of 39860 shares changing hands. The stock had previously closed at $4.44.

Analyst Ratings Changes

A number of brokerages have weighed in on ARKO. Wells Fargo & Company decreased their target price on 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 decreased their target price on 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 Trading Down 0.7 %

The firm has a market capitalization of $502.31 million, a P/E ratio of 17.36 and a beta of 0.28. 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 stock has a 50-day simple moving average of $5.89 and a two-hundred day simple moving average of $7.14.

Arko (NASDAQ:ARKO) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.40 billion. Arko had a return on equity of 12.32% and a net margin of 0.37%. During the same period in the previous year, the company posted $0.09 EPS. On average, equities research analysts anticipate that Arko Corp. will post 0.09 earnings per share for the current year.

Arko Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Friday, March 8th. Arko’s payout ratio is 48.00%.

Insider Transactions at Arko

In other news, major shareholder Morris Willner sold 2,792,631 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 11,683,980 shares of the company’s stock, valued at approximately $78,983,704.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 32.16% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARKO. Mirae Asset Global Investments Co. Ltd. grew its stake in Arko by 7.3% during 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 grew its stake in Arko by 24.0% during the 3rd quarter. Arizona State Retirement System now owns 18,840 shares of the company’s stock worth $135,000 after buying an additional 3,651 shares during the last quarter. Jump Financial LLC purchased a new position in Arko during the 3rd quarter worth $434,000. Barclays PLC grew its stake in Arko by 77.3% during the 3rd quarter. Barclays PLC now owns 76,781 shares of the company’s stock worth $550,000 after buying an additional 33,480 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Arko during the 3rd quarter worth $153,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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.