CWA Asset Management Group LLC bought a new position in Arko Corp. (NASDAQ:ARKO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 123,565 shares of the company's stock, valued at approximately $814,000. CWA Asset Management Group LLC owned about 0.11% of Arko as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of ARKO. Copeland Capital Management LLC bought a new position in Arko in the third quarter valued at $39,000. Quantbot Technologies LP purchased a new position in shares of Arko in the 3rd quarter worth about $72,000. MQS Management LLC bought a new position in shares of Arko during the 3rd quarter valued at about $77,000. Intech Investment Management LLC purchased a new position in shares of Arko during the 3rd quarter valued at about $98,000. Finally, Arizona State Retirement System lifted its position in Arko by 27.9% in the 2nd quarter. Arizona State Retirement System now owns 18,476 shares of the company's stock worth $116,000 after buying an additional 4,030 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.
Arko Price Performance
NASDAQ ARKO traded up $0.11 on Wednesday, reaching $6.46. 216,070 shares of the company's stock traded hands, compared to its average volume of 237,614. The stock has a market cap of $747.88 million, a PE ratio of 40.38 and a beta of 0.50. Arko Corp. has a 12 month low of $4.09 and a 12 month high of $8.39. The stock has a 50-day simple moving average of $6.83 and a 200 day simple moving average of $6.58. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.63 and a quick ratio of 1.13.
Arko (NASDAQ:ARKO - Get Free Report) last released its 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 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 the consensus estimate of $2.43 billion. During the same period in the prior year, the business posted $0.17 EPS. As a group, research analysts predict that Arko Corp. will post 0.2 earnings per share for the current year.
Arko Dividend Announcement
The business 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 annualized dividend and a yield of 1.86%. The ex-dividend date was Tuesday, November 19th. Arko's dividend payout ratio is presently 75.00%.
About Arko
(
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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