Charles Schwab Investment Management Inc. Has $6.12 Million Holdings in Arko Corp. (NASDAQ:ARKO)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Arko Corp. (NASDAQ:ARKO - Free Report) by 12.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 871,241 shares of the company's stock after selling 119,189 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.75% of Arko worth $6,116,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ARKO. CWM LLC increased its stake in Arko by 72.8% during the 2nd quarter. CWM LLC now owns 4,791 shares of the company's stock valued at $30,000 after buying an additional 2,018 shares during the period. Copeland Capital Management LLC bought a new position in shares of Arko in the third quarter valued at approximately $39,000. MQS Management LLC acquired a new position in shares of Arko during the third quarter valued at approximately $77,000. Intech Investment Management LLC bought a new stake in Arko during the third quarter worth approximately $98,000. Finally, Arizona State Retirement System lifted its position in Arko by 27.9% in the second quarter. Arizona State Retirement System now owns 18,476 shares of the company's stock worth $116,000 after purchasing an additional 4,030 shares during the period. 78.29% of the stock is currently owned by institutional investors.

Arko Price Performance

Shares of ARKO stock traded down $0.03 during mid-day trading on Thursday, hitting $7.28. 202,555 shares of the stock traded hands, compared to its average volume of 355,252. 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 firm has a market cap of $842.81 million, a price-to-earnings ratio of 45.69 and a beta of 0.48. The company's 50-day simple moving average is $6.91 and its 200-day simple moving average is $6.48. Arko Corp. has a twelve month low of $4.09 and a twelve month high of $8.42.

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

Arko Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors 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 yield of 1.65%. The ex-dividend date of this dividend was Tuesday, November 19th. Arko's payout ratio is 75.00%.

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.