ARKO (NASDAQ:ARKO) General Counsel Maury Bricks Sells 10,000 Shares of Stock

ARKO Corp. (NASDAQ:ARKO) General Counsel Maury Bricks sold 10,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $8.50, for a total transaction of $85,000.00. Following the completion of the transaction, the general counsel directly owned 162,841 shares of the company’s stock, valued at $1,384,148.50. This trade represents a 5.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Maury Bricks also recently made the following trade(s):

• On Friday, June 5th, Maury Bricks sold 15,000 shares of ARKO stock. The shares were sold at an average price of $7.69, for a total transaction of $115,350.00.

ARKO Price Performance

Shares of ARKO stock opened at $8.64 on Friday. ARKO Corp. has a 12-month low of $3.71 and a 12-month high of $8.68. The firm has a market capitalization of $969.32 million, a price-to-earnings ratio of 45.48 and a beta of 0.98. The company has a quick ratio of 1.19, a current ratio of 1.62 and a debt-to-equity ratio of 1.93. The firm has a fifty day moving average of $6.81 and a 200-day moving average of $5.85.

ARKO (NASDAQ:ARKO) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.09. ARKO had a net margin of 0.38% and a return on equity of 9.10%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the business earned ($0.12) EPS. On average, equities research analysts forecast that ARKO Corp. will post 0.29 earnings per share for the current year.

ARKO Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a $0.03 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.12 dividend on an annualized basis and a yield of 1.4%. ARKO’s dividend payout ratio is presently 63.16%.

Institutional Investors Weigh In On ARKO

Institutional investors and hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership bought a new position in ARKO in the 1st quarter valued at about $8,220,000. Franklin Resources Inc. increased its holdings in shares of ARKO by 1,635.3% during the third quarter. Franklin Resources Inc. now owns 574,771 shares of the company’s stock worth $2,627,000 after purchasing an additional 541,648 shares during the period. Empowered Funds LLC acquired a new stake in shares of ARKO during the 1st quarter worth approximately $1,335,000. Empyrean Capital Partners LP acquired a new stake in shares of ARKO during the 1st quarter worth approximately $1,819,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of ARKO by 18.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,448,758 shares of the company’s stock worth $6,577,000 after acquiring an additional 226,591 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ARKO has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of ARKO from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. Zacks Research raised shares of ARKO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen lowered shares of ARKO from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $8.00.

About ARKO

ARKO Corp (NASDAQ: ARKO) is a downstream energy and convenience retail company based in Matthews, North Carolina. The company’s core operations encompass fuel supply, distribution and retailing through a network of terminals, independent dealer locations and company-operated convenience stores. ARKO’s fuel offerings include branded and unbranded gasoline and diesel, as well as lubricants and other petroleum products marketed under various regional and private labels.

In its retail segment, ARKO operates a portfolio of convenience stores under the Kangaroo Express banner, serving on-site customers with fuel, grab-and-go food items, beverages and everyday household essentials.