Arko (NASDAQ:ARKO) Reaches New 52-Week Low at $5.48

Arko Corp. (NASDAQ:ARKO)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.48 and last traded at $5.50, with a volume of 107316 shares traded. The stock had previously closed at $5.66.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered their target price on shares of Arko from $8.00 to $7.00 and set a “market perform” rating on the stock in a research report on Thursday, February 29th.

Arko Stock Performance

The firm has a fifty day simple moving average of $7.16 and a 200 day simple moving average of $7.49. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.54 and a quick ratio of 1.03. The company has a market cap of $662.23 million, a price-to-earnings ratio of 22.00 and a beta of 0.30.

Arko (NASDAQ:ARKO) last announced its earnings results on Wednesday, February 28th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. Arko had a net margin of 0.37% and a return on equity of 12.32%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the firm posted $0.09 EPS. On average, sell-side analysts expect that Arko Corp. will post 0.09 earnings per share for the current fiscal year.

Arko Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were given a dividend of $0.03 per share. The ex-dividend date was Friday, March 8th. This represents a $0.12 annualized dividend and a dividend yield of 2.11%. Arko’s dividend payout ratio is presently 48.00%.

Insider Buying and Selling at Arko

In other news, major shareholder Morris Willner sold 2,792,631 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $6.76, for a total transaction of $18,878,185.56. Following the completion of the transaction, the insider now directly owns 11,683,980 shares in the company, valued at $78,983,704.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 32.16% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ARKO. Phoenix Holdings Ltd. acquired a new stake in Arko during the third quarter worth about $43,726,000. Millennium Management LLC increased its position in shares of Arko by 123.6% during the fourth quarter. Millennium Management LLC now owns 815,081 shares of the company’s stock valued at $7,059,000 after purchasing an additional 450,529 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Arko by 15.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,642,951 shares of the company’s stock valued at $13,554,000 after purchasing an additional 221,619 shares in the last quarter. Ergoteles LLC bought a new position in Arko in the first quarter worth $1,709,000. Finally, BlackRock Inc. lifted its position in Arko by 3.2% in the second quarter. BlackRock Inc. now owns 5,694,530 shares of the company’s stock worth $45,272,000 after purchasing an additional 174,306 shares during the period. Institutional investors own 78.29% of the company’s stock.

About Arko

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.