Tower Research Capital LLC TRC Purchases 4,639 Shares of Arko Corp. (NASDAQ:ARKO)

Tower Research Capital LLC TRC raised its stake in shares of Arko Corp. (NASDAQ:ARKO) by 90.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,742 shares of the company’s stock after buying an additional 4,639 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Arko were worth $64,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new position in shares of Arko during the fourth quarter worth about $66,000. KLP Kapitalforvaltning AS bought a new stake in Arko in the fourth quarter valued at approximately $66,000. Prudential Financial Inc. bought a new stake in Arko in the fourth quarter valued at approximately $195,000. Intech Investment Management LLC lifted its position in Arko by 114.7% in the fourth quarter. Intech Investment Management LLC now owns 30,073 shares of the company’s stock valued at $198,000 after purchasing an additional 16,069 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Arko by 29.5% in the fourth quarter. Wells Fargo & Company MN now owns 46,276 shares of the company’s stock valued at $305,000 after purchasing an additional 10,547 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ARKO shares. Capital One Financial started coverage on Arko in a report on Thursday. They set an “overweight” rating and a $8.00 target price for the company. Raymond James reduced their price target on Arko from $11.00 to $10.00 and set a “strong-buy” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus cut Arko from a “buy” rating to a “hold” rating and cut their target price for the stock from $8.50 to $7.50 in a research note on Thursday, February 27th.

Arko Stock Up 7.2%

ARKO stock opened at $4.77 on Monday. Arko Corp. has a fifty-two week low of $3.51 and a fifty-two week high of $7.84. The business’s 50-day moving average is $4.06 and its two-hundred day moving average is $5.84. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.13 and a current ratio of 1.63. The company has a market cap of $547.02 million, a price-to-earnings ratio of 29.81 and a beta of 0.72.

Arko (NASDAQ:ARKO) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.05. Arko had a return on equity of 8.88% and a net margin of 0.27%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.85 billion. As a group, analysts forecast that Arko Corp. will post 0.2 earnings per share for the current year.

Arko Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Monday, May 19th. Arko’s dividend payout ratio (DPR) is currently 400.00%.

Arko 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.