Voya Investment Management LLC Has $95,000 Stake in ARKO Corp. $ARKO

Voya Investment Management LLC trimmed its holdings in shares of ARKO Corp. (NASDAQ:ARKO) by 91.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,980 shares of the company’s stock after selling 270,351 shares during the quarter. Voya Investment Management LLC’s holdings in ARKO were worth $95,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Voss Capital LP acquired a new stake in shares of ARKO in the first quarter valued at about $9,547,000. Goldman Sachs Group Inc. grew its position in shares of ARKO by 37.0% in the first quarter. Goldman Sachs Group Inc. now owns 762,864 shares of the company’s stock valued at $3,013,000 after purchasing an additional 206,061 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of ARKO by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 748,109 shares of the company’s stock valued at $2,955,000 after purchasing an additional 3,972 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of ARKO by 87.5% in the first quarter. Gamco Investors INC. ET AL now owns 352,118 shares of the company’s stock valued at $1,391,000 after purchasing an additional 164,288 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of ARKO in the first quarter valued at about $1,335,000. 78.29% of the stock is owned by institutional investors and hedge funds.

ARKO Stock Down 0.2%

Shares of ARKO opened at $4.56 on Thursday. The stock has a market cap of $514.09 million, a price-to-earnings ratio of 57.01 and a beta of 0.77. The company has a quick ratio of 1.11, a current ratio of 1.55 and a debt-to-equity ratio of 4.07. ARKO Corp. has a 12 month low of $3.51 and a 12 month high of $7.84. The company has a 50-day moving average price of $4.79 and a two-hundred day moving average price of $4.50.

ARKO (NASDAQ:ARKO) last posted its earnings results on Wednesday, August 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. ARKO had a net margin of 0.18% and a return on equity of 5.50%. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Equities analysts predict that ARKO Corp. will post 0.2 EPS for the current fiscal year.

ARKO Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, August 18th. ARKO’s payout ratio is 150.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ARKO. Raymond James Financial set a $8.00 price target on ARKO and gave the company a “strong-buy” rating in a research report on Friday, August 8th. Zacks Research upgraded shares of ARKO to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of ARKO from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $7.13.

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.