Arko (NASDAQ:ARKO) Trading Down 3.7%

Arko Corp. (NASDAQ:ARKO) dropped 3.7% during trading on Tuesday . The stock traded as low as $4.41 and last traded at $4.41. Approximately 163,933 shares were traded during trading, a decline of 48% from the average daily volume of 312,592 shares. The stock had previously closed at $4.58.

Analyst Ratings Changes

ARKO has been the subject of several recent analyst reports. BMO Capital Markets dropped their price objective on shares of Arko from $8.00 to $7.00 and set a “market perform” rating for the company in a research note on Thursday, February 29th. Wells Fargo & Company dropped their price objective on shares of Arko from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th.

Arko Price Performance

The stock has a market capitalization of $502.31 million, a PE ratio of 17.36 and a beta of 0.28. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 3.77. The stock’s 50 day moving average price is $5.89 and its 200-day moving average price is $7.14.

Arko (NASDAQ:ARKO) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.40 billion. Arko had a return on equity of 12.32% and a net margin of 0.37%. During the same period in the previous year, the company posted $0.09 earnings per share. As a group, equities analysts forecast that Arko Corp. will post 0.09 EPS for the current year.

Arko Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.12 annualized dividend and a dividend yield of 2.76%. Arko’s payout ratio is currently 48.00%.

Insider Activity at Arko

In related news, major shareholder Morris Willner sold 2,792,631 shares of Arko stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $6.76, for a total value of $18,878,185.56. Following the completion of the sale, the insider now directly owns 11,683,980 shares in the company, valued at $78,983,704.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arko

A number of large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in Arko by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,039,264 shares of the company’s stock worth $8,574,000 after purchasing an additional 28,883 shares in the last quarter. Swiss National Bank raised its holdings in Arko by 23.6% in the third quarter. Swiss National Bank now owns 145,461 shares of the company’s stock worth $1,040,000 after purchasing an additional 27,800 shares in the last quarter. Gabelli Funds LLC raised its holdings in Arko by 300.0% in the fourth quarter. Gabelli Funds LLC now owns 80,000 shares of the company’s stock worth $660,000 after purchasing an additional 60,000 shares in the last quarter. Barclays PLC raised its holdings in Arko by 77.3% in the third quarter. Barclays PLC now owns 76,781 shares of the company’s stock worth $550,000 after purchasing an additional 33,480 shares in the last quarter. Finally, Jump Financial LLC bought a new position in Arko in the third quarter worth about $434,000. 78.29% of the stock is currently owned by institutional investors.

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.