Insider Selling: Ark Restaurants Corp. (ARKR) CEO Sells 600 Shares of Stock
Ark Restaurants Corp. (NASDAQ:ARKR) CEO Michael Lawrence Weinstein sold 600 shares of Ark Restaurants stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $26.16, for a total value of $15,696.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Michael Lawrence Weinstein also recently made the following trade(s):
- On Tuesday, November 21st, Michael Lawrence Weinstein sold 300 shares of Ark Restaurants stock. The shares were sold at an average price of $24.15, for a total value of $7,245.00.
Shares of Ark Restaurants Corp. (NASDAQ:ARKR) traded up $0.06 on Friday, hitting $25.71. The stock had a trading volume of 319 shares, compared to its average volume of 2,483. The company has a quick ratio of 0.31, a current ratio of 0.39 and a debt-to-equity ratio of 0.18. The stock has a market cap of $88.09, a PE ratio of 22.55 and a beta of 0.30. Ark Restaurants Corp. has a fifty-two week low of $21.75 and a fifty-two week high of $29.49.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Tuesday, December 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Monday, December 18th. Ark Restaurants’s payout ratio is presently 87.72%.
Hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its stake in Ark Restaurants by 3.5% during the second quarter. FMR LLC now owns 227,739 shares of the restaurant operator’s stock worth $5,548,000 after purchasing an additional 7,739 shares during the last quarter. Dalton Greiner Hartman Maher & Co. lifted its stake in Ark Restaurants by 15.1% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 235,445 shares of the restaurant operator’s stock worth $6,364,000 after purchasing an additional 30,965 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Ark Restaurants by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 116,454 shares of the restaurant operator’s stock worth $2,837,000 after purchasing an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 24.73% of the company’s stock.
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Ark Restaurants Company Profile
Ark Restaurants Corp. owns and operates restaurants, bars, fast food concepts and catering operations. As of October 1, 2016, the Company owned and/or operated 21 restaurants and bars, 19 fast food concepts and catering operations through its subsidiaries. As of October 1, 2016, six of its restaurant and bar facilities were located in New York City; two were located in Washington, DC; five were located in Las Vegas, Nevada; three were located in Atlantic City, New Jersey; one was located at the Foxwoods Resort Casino in Ledyard, Connecticut; one was located in the Faneuil Hall Marketplace in Boston, Massachusetts, and three were located on the east coast of Florida.
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