Robert Rasmus Acquires 50,000 Shares of ARQ (NASDAQ:ARQ) Stock

Arq, Inc. (NASDAQ:ARQ) CEO Robert Rasmus bought 50,000 shares of the stock in a transaction on Monday, November 10th. The shares were bought at an average price of $3.79 per share, for a total transaction of $189,500.00. Following the purchase, the chief executive officer directly owned 70,718 shares in the company, valued at approximately $268,021.22. This trade represents a 241.34% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

ARQ Stock Down 3.5%

ARQ opened at $3.57 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.10 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $6.60 and a 200-day moving average price of $5.91. Arq, Inc. has a twelve month low of $3.34 and a twelve month high of $8.11. The stock has a market capitalization of $152.42 million, a price-to-earnings ratio of -89.25 and a beta of 1.96.

ARQ (NASDAQ:ARQ) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). ARQ had a negative net margin of 1.40% and a negative return on equity of 0.07%. Equities research analysts forecast that Arq, Inc. will post -0.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of ARQ in a research note on Wednesday, October 8th. Zacks Research cut ARQ from a “hold” rating to a “strong sell” rating in a research report on Monday. Canaccord Genuity Group cut their price target on ARQ from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Finally, Wall Street Zen lowered shares of ARQ from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.33.

Hedge Funds Weigh In On ARQ

Several institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. raised its stake in shares of ARQ by 36.0% in the first quarter. American Century Companies Inc. now owns 52,642 shares of the company’s stock worth $220,000 after buying an additional 13,925 shares during the period. Nuveen LLC bought a new stake in ARQ during the 1st quarter worth approximately $836,000. Wellington Management Group LLP raised its stake in ARQ by 568.9% during the 1st quarter. Wellington Management Group LLP now owns 700,600 shares of the company’s stock worth $2,922,000 after acquiring an additional 595,855 shares during the period. Maven Securities LTD lifted its holdings in ARQ by 436.1% during the first quarter. Maven Securities LTD now owns 80,421 shares of the company’s stock valued at $335,000 after purchasing an additional 65,421 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of ARQ by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 139,325 shares of the company’s stock worth $581,000 after purchasing an additional 7,897 shares during the period. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

ARQ Company Profile

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.