Gabelli Funds LLC Has $660,000 Position in Arko Corp. (NASDAQ:ARKO)

Gabelli Funds LLC boosted its holdings in Arko Corp. (NASDAQ:ARKOFree Report) by 300.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,000 shares of the company’s stock after buying an additional 60,000 shares during the period. Gabelli Funds LLC owned approximately 0.07% of Arko worth $660,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Counterpoint Mutual Funds LLC acquired a new position in Arko in the fourth quarter valued at approximately $104,000. Charles Schwab Investment Management Inc. increased its stake in Arko by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,039,264 shares of the company’s stock valued at $8,574,000 after purchasing an additional 28,883 shares in the last quarter. Corton Capital Inc. increased its stake in Arko by 4.7% in the third quarter. Corton Capital Inc. now owns 48,607 shares of the company’s stock valued at $348,000 after purchasing an additional 2,168 shares in the last quarter. MQS Management LLC bought a new stake in Arko in the third quarter valued at approximately $95,000. Finally, Dark Forest Capital Management LP bought a new stake in Arko in the third quarter valued at approximately $101,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Arko Stock Up 1.7 %

Shares of ARKO stock opened at $6.12 on Tuesday. The firm has a fifty day moving average of $5.16 and a 200-day moving average of $6.64. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 4.13. Arko Corp. has a 12-month low of $4.09 and a 12-month high of $8.55. The company has a market capitalization of $708.33 million, a price-to-earnings ratio of 23.54 and a beta of 0.45.

Arko (NASDAQ:ARKOGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.15. Arko had a net margin of 0.39% and a return on equity of 13.20%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.11 billion. As a group, equities research analysts predict that Arko Corp. will post 0.54 earnings per share for the current fiscal year.

Arko Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Friday, May 17th. Arko’s dividend payout ratio is 46.16%.

Analyst Ratings Changes

Several brokerages have commented on ARKO. Wells Fargo & Company lowered their target price on shares of Arko from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th. BMO Capital Markets lowered their target price on shares of Arko from $7.00 to $6.00 and set a “market perform” rating for the company in a research note on Thursday, May 9th.

View Our Latest Analysis on ARKO

Arko Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Arko (NASDAQ:ARKO)

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