Arko Corp. (NASDAQ:ARKO) Position Increased by Barclays PLC

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

Several other hedge funds have also modified their holdings of ARKO. The Manufacturers Life Insurance Company grew its position in Arko by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 32,893 shares of the company's stock valued at $206,000 after acquiring an additional 1,734 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Arko by 27.9% in the second quarter. Arizona State Retirement System now owns 18,476 shares of the company's stock valued at $116,000 after purchasing an additional 4,030 shares during the period. Copeland Capital Management LLC acquired a new stake in Arko during the 3rd quarter valued at $39,000. PDT Partners LLC increased its stake in Arko by 8.7% during the 3rd quarter. PDT Partners LLC now owns 75,685 shares of the company's stock worth $531,000 after buying an additional 6,031 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Arko by 8.7% in the 2nd quarter. American Century Companies Inc. now owns 116,692 shares of the company's stock worth $732,000 after buying an additional 9,377 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Arko Stock Up 3.6 %

Shares of Arko stock traded up $0.23 during trading hours on Tuesday, hitting $6.54. 260,479 shares of the company's stock traded hands, compared to its average volume of 241,147. Arko Corp. has a twelve month low of $4.09 and a twelve month high of $8.39. The company has a market cap of $757.14 million, a PE ratio of 40.88 and a beta of 0.50. 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 stock has a 50 day simple moving average of $6.81 and a 200-day simple moving average of $6.58.

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

Arko Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 19th were paid a $0.03 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.83%. Arko's dividend payout ratio (DPR) is presently 75.00%.

Arko Company 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.