Arko (NASDAQ:ARKO) Trading Up 3.6% - Here's Why

Arko Corp. (NASDAQ:ARKO - Get Free Report) shares were up 3.6% on Thursday . The stock traded as high as $6.82 and last traded at $6.86. Approximately 29,382 shares changed hands during trading, a decline of 86% from the average daily volume of 210,559 shares. The stock had previously closed at $6.62.

Arko Price Performance

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 stock has a market capitalization of $813.86 million, a PE ratio of 43.94 and a beta of 0.50. The stock's 50 day moving average is $6.80 and its two-hundred day moving average is $6.62.

Arko (NASDAQ:ARKO - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share 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 firm had revenue of $2.28 billion during the quarter, compared to analysts' expectations of $2.43 billion. During the same quarter last year, the business earned $0.17 EPS. On average, equities analysts anticipate that Arko Corp. will post 0.2 EPS for the current fiscal year.

Arko Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Tuesday, November 19th. Arko's payout ratio is 75.00%.

Institutional Trading of Arko

A number of hedge funds have recently bought and sold shares of ARKO. Barclays PLC raised its holdings in shares of Arko by 98.2% during the 3rd quarter. Barclays PLC now owns 171,600 shares of the company's stock worth $1,203,000 after acquiring an additional 85,009 shares during the period. JPMorgan Chase & Co. increased its position in Arko by 598.7% during the third quarter. JPMorgan Chase & Co. now owns 239,683 shares of the company's stock worth $1,683,000 after purchasing an additional 205,377 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Arko during the second quarter worth about $495,000. CWA Asset Management Group LLC acquired a new position in Arko in the 4th quarter valued at about $814,000. Finally, American Century Companies Inc. grew its stake in shares of Arko by 8.7% in the 2nd quarter. American Century Companies Inc. now owns 116,692 shares of the company's stock valued at $732,000 after buying an additional 9,377 shares during the period. Institutional investors and hedge funds own 78.29% of the company's stock.

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.