Insider Buying: ARKO (NASDAQ:ARKO) CFO Purchases 40,000 Shares of Stock

ARKO Corp. (NASDAQ:ARKO) CFO Charles Galagher Jeff purchased 40,000 shares of ARKO stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average price of $5.07 per share, with a total value of $202,800.00. Following the completion of the purchase, the chief financial officer directly owned 40,000 shares in the company, valued at $202,800. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

ARKO Stock Performance

ARKO stock traded down $0.07 during trading hours on Wednesday, hitting $4.99. 504,951 shares of the stock were exchanged, compared to its average volume of 516,272. ARKO Corp. has a 12 month low of $3.51 and a 12 month high of $6.70. The firm has a market capitalization of $553.35 million, a P/E ratio of 35.65 and a beta of 0.83. The company has a 50-day simple moving average of $5.69 and a two-hundred day simple moving average of $4.98. The company has a current ratio of 1.66, a quick ratio of 1.22 and a debt-to-equity ratio of 4.02.

ARKO (NASDAQ:ARKO) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. ARKO had a net margin of 0.30% and a return on equity of 8.58%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. On average, analysts forecast that ARKO Corp. will post 0.2 earnings per share for the current fiscal year.

ARKO Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.12 dividend on an annualized basis and a yield of 2.4%. ARKO’s dividend payout ratio is currently 85.71%.

Institutional Trading of ARKO

Several large investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its position in ARKO by 63.1% during the first quarter. AQR Capital Management LLC now owns 117,544 shares of the company’s stock valued at $464,000 after purchasing an additional 45,478 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of ARKO by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,838 shares of the company’s stock valued at $189,000 after purchasing an additional 2,028 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of ARKO by 37.0% in the 1st 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. Empowered Funds LLC acquired a new position in shares of ARKO during the 1st quarter worth $1,335,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of ARKO during the 2nd quarter worth $117,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of ARKO in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.00.

ARKO Company Profile

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.