Arq, Inc. (NASDAQ:ARQ) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its position in shares of Arq, Inc. (NASDAQ:ARQ) by 838.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 313,616 shares of the company’s stock after buying an additional 280,210 shares during the quarter. Nuveen Asset Management LLC owned about 0.75% of ARQ worth $2,374,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ARQ. Invesco Ltd. grew its position in shares of ARQ by 3,981.1% during the fourth quarter. Invesco Ltd. now owns 708,324 shares of the company’s stock worth $5,362,000 after acquiring an additional 690,968 shares during the last quarter. Geode Capital Management LLC boosted its stake in ARQ by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 664,430 shares of the company’s stock worth $5,031,000 after purchasing an additional 67,962 shares during the period. Dimensional Fund Advisors LP boosted its stake in ARQ by 65.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 449,312 shares of the company’s stock worth $3,401,000 after purchasing an additional 177,550 shares during the period. 1492 Capital Management LLC grew its position in ARQ by 152.7% during the 4th quarter. 1492 Capital Management LLC now owns 388,633 shares of the company’s stock worth $2,942,000 after purchasing an additional 234,832 shares during the last quarter. Finally, Northern Trust Corp increased its stake in ARQ by 14.6% in the fourth quarter. Northern Trust Corp now owns 230,315 shares of the company’s stock valued at $1,743,000 after purchasing an additional 29,427 shares during the period. Institutional investors and hedge funds own 18.49% of the company’s stock.

ARQ Trading Up 3.4%

Shares of ARQ stock opened at $5.11 on Tuesday. The business’s 50 day moving average is $4.03 and its two-hundred day moving average is $5.52. Arq, Inc. has a twelve month low of $3.34 and a twelve month high of $8.11. The company has a market capitalization of $215.70 million, a P/E ratio of -511.00 and a beta of 1.51. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings results on Wednesday, March 5th. The company reported ($0.03) earnings per share for the quarter, hitting the consensus estimate of ($0.03). The firm had revenue of $27.04 million during the quarter, compared to the consensus estimate 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 period last year, the company earned $0.14 earnings per share. Equities analysts forecast that Arq, Inc. will post -0.13 EPS for the current year.

Insider Transactions at ARQ

In other ARQ news, Director Jeremy Blank purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average cost of $4.10 per share, for a total transaction of $205,000.00. Following the completion of the purchase, the director now directly owns 374,955 shares in the company, valued at $1,537,315.50. This represents a 15.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Joseph M. Wong sold 6,596 shares of the company’s 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 transaction, the chief technology officer now directly owns 354,790 shares in the company, valued at $1,660,417.20. This represents a 1.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 165,856 shares of company stock worth $677,555 and sold 20,588 shares worth $96,352. Company insiders own 26.87% of the company’s stock.

Analyst Ratings Changes

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

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.