Arko (NASDAQ:ARKO) Hits New 1-Year Low at $4.33

Shares of Arko Corp. (NASDAQ:ARKO) hit a new 52-week low on Wednesday . The stock traded as low as $4.33 and last traded at $4.36, with a volume of 39860 shares. The stock had previously closed at $4.44.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their price target on Arko from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Friday, April 19th. BMO Capital Markets reduced their price target on Arko from $8.00 to $7.00 and set a “market perform” rating on the stock in a research note on Thursday, February 29th.

Arko Stock Performance

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

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

Arko Dividend Announcement

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

Insider Transactions at Arko

In related news, major shareholder Morris Willner sold 2,792,631 shares of the stock in a transaction 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 sale, the insider now directly owns 11,683,980 shares of the company’s stock, valued at $78,983,704.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 32.16% of the company’s stock.

Institutional Investors Weigh In On Arko

Several institutional investors have recently modified their holdings of the business. Corton Capital Inc. boosted its position in shares of Arko by 4.7% during the third quarter. Corton Capital Inc. now owns 48,607 shares of the company’s stock valued at $348,000 after buying an additional 2,168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Arko by 7.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,905 shares of the company’s stock valued at $264,000 after buying an additional 2,526 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Arko by 24.0% during the third quarter. Arizona State Retirement System now owns 18,840 shares of the company’s stock valued at $135,000 after buying an additional 3,651 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in Arko in the fourth quarter valued at about $104,000. Finally, MQS Management LLC bought a new position in Arko in the third quarter valued at about $95,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.