10,330 Shares in Arq, Inc. (NASDAQ:ARQ) Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD acquired a new position in Arq, Inc. (NASDAQ:ARQ) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,330 shares of the company’s stock, valued at approximately $79,000.

Several other institutional investors also recently modified their holdings of ARQ. Barclays PLC boosted its stake in ARQ by 286.9% in the third quarter. Barclays PLC now owns 33,350 shares of the company’s stock worth $196,000 after buying an additional 24,731 shares in the last quarter. Avanza Fonder AB purchased a new stake in ARQ in the fourth quarter worth approximately $68,000. SG Americas Securities LLC purchased a new stake in ARQ in the fourth quarter worth approximately $95,000. Charles Schwab Investment Management Inc. boosted its stake in ARQ by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 79,646 shares of the company’s stock worth $603,000 after buying an additional 8,909 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in ARQ by 128.2% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,119 shares of the company’s stock worth $1,129,000 after buying an additional 83,784 shares in the last quarter. 18.49% of the stock is currently owned by institutional investors.

ARQ Stock Performance

NASDAQ:ARQ opened at $4.68 on Monday. The firm has a market cap of $197.55 million, a PE ratio of -468.00 and a beta of 1.51. Arq, Inc. has a fifty-two week low of $3.34 and a fifty-two week high of $8.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.28 and a current ratio of 2.89. The business has a 50 day moving average price of $4.04 and a 200-day moving average price of $5.66.

ARQ (NASDAQ:ARQ) last released its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $27.04 million during the quarter, compared to analyst estimates of $28.34 million. ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Equities research analysts predict that Arq, Inc. will post -0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their target price on ARQ from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, May 8th.

Insider Activity

In other ARQ news, CTO Joseph M. Wong sold 6,596 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $4.68, for a total value of $30,869.28. Following the completion of the transaction, the chief technology officer now owns 354,790 shares in the company, valued at approximately $1,660,417.20. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert E. Rasmus acquired 12,535 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was purchased at an average price of $3.93 per share, with a total value of $49,262.55. Following the acquisition, the chief executive officer now owns 20,718 shares of the company’s stock, valued at $81,421.74. This represents a 153.18% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 15,856 shares of company stock valued at $62,555 and sold 20,588 shares valued at $96,352. Insiders own 26.87% of the company’s stock.

ARQ Company Profile

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.