Barclays PLC Increases Stock Position in Arko Corp. (NASDAQ:ARKO)

Barclays PLC boosted its stake in shares of Arko Corp. (NASDAQ:ARKO - Free Report) by 98.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 171,600 shares of the company's stock after acquiring an additional 85,009 shares during the period. Barclays PLC owned about 0.15% of Arko worth $1,203,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of Arko in the third quarter worth approximately $439,000. Jane Street Group LLC grew its holdings in shares of Arko by 12.2% during the third quarter. Jane Street Group LLC now owns 109,881 shares of the company's stock worth $771,000 after buying an additional 11,975 shares in the last quarter. Readystate Asset Management LP lifted its stake in shares of Arko by 7.2% in the third quarter. Readystate Asset Management LP now owns 220,972 shares of the company's stock worth $1,551,000 after buying an additional 14,845 shares in the last quarter. PDT Partners LLC boosted its position in Arko by 8.7% during the third quarter. PDT Partners LLC now owns 75,685 shares of the company's stock worth $531,000 after acquiring an additional 6,031 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Arko during the 3rd quarter valued at about $72,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Arko Price Performance

ARKO traded up $0.15 during trading on Monday, reaching $6.68. The company's stock had a trading volume of 328,454 shares, compared to its average volume of 355,260. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 3.86. The firm has a fifty day simple moving average of $6.89 and a two-hundred day simple moving average of $6.56. The company has a market cap of $773.35 million, a price-to-earnings ratio of 41.75 and a beta of 0.48. Arko Corp. has a 1 year low of $4.09 and a 1 year high of $8.42.

Arko (NASDAQ:ARKO - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.09). Arko had a net margin of 0.27% and a return on equity of 8.88%. The company had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.43 billion. During the same quarter in the previous year, the company earned $0.17 earnings per share. As a group, analysts anticipate that Arko Corp. will post 0.2 EPS for the current year.

Arko Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, November 19th. Arko's dividend payout ratio (DPR) is presently 75.00%.

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.