Arko Corp. (NASDAQ:ARKO) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its holdings in Arko Corp. (NASDAQ:ARKO) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,457 shares of the company’s stock after selling 5,893 shares during the quarter. Alliancebernstein L.P. owned approximately 0.07% of Arko worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. purchased a new position in shares of Arko in the 4th quarter worth $66,000. KLP Kapitalforvaltning AS purchased a new position in shares of Arko in the 4th quarter worth about $66,000. Prudential Financial Inc. acquired a new position in shares of Arko in the 4th quarter valued at about $195,000. Intech Investment Management LLC raised its holdings in Arko by 114.7% in the fourth quarter. Intech Investment Management LLC now owns 30,073 shares of the company’s stock valued at $198,000 after buying an additional 16,069 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Arko during the fourth quarter valued at approximately $368,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stifel Nicolaus downgraded Arko from a “buy” rating to a “hold” rating and lowered their price target for the company from $8.50 to $7.50 in a report on Thursday, February 27th.

Arko Stock Performance

Shares of ARKO stock opened at $4.10 on Friday. The company has a market cap of $474.66 million, a P/E ratio of 25.63 and a beta of 0.68. The business has a 50 day moving average of $4.80 and a two-hundred day moving average of $6.13. Arko Corp. has a 52 week low of $3.51 and a 52 week high of $7.84. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 3.86.

Arko Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.12 annualized dividend and a dividend yield of 2.93%. Arko’s dividend payout ratio is presently 92.31%.

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.