Arko Corp. (NASDAQ:ARKO - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $7.26, but opened at $6.00. Arko shares last traded at $4.79, with a volume of 1,121,603 shares.
Analyst Ratings Changes
Separately, Stifel Nicolaus downgraded shares of Arko from a "buy" rating to a "hold" rating and dropped their target price for the stock from $8.50 to $7.50 in a research note on Thursday.
Get Our Latest Stock Report on Arko
Arko Stock Performance
The stock has a market cap of $481.61 million, a price-to-earnings ratio of 26.00 and a beta of 0.50. The stock's fifty day moving average is $6.74 and its 200-day moving average is $6.75. The company has a quick ratio of 1.13, a current ratio of 1.63 and a debt-to-equity ratio of 3.86.
Arko Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Monday, March 10th. Arko's dividend payout ratio is currently 92.31%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ARKO. Cannell Capital LLC boosted its holdings in shares of Arko by 55.8% in the fourth quarter. Cannell Capital LLC now owns 2,710,772 shares of the company's stock valued at $17,864,000 after buying an additional 971,158 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Arko by 166.6% in the fourth quarter. JPMorgan Chase & Co. now owns 639,070 shares of the company's stock valued at $4,211,000 after buying an additional 399,387 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Arko by 12.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,851,140 shares of the company's stock valued at $12,200,000 after buying an additional 202,576 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Arko in the fourth quarter valued at approximately $1,248,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Arko by 24.0% in the fourth quarter. Bank of New York Mellon Corp now owns 766,295 shares of the company's stock valued at $5,050,000 after buying an additional 148,269 shares during the period. Institutional investors and hedge funds own 78.29% of the company's stock.
About Arko
(
Get Free Report)
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.
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