Diametric Capital LP Sells 90,938 Shares of Arq, Inc. (NASDAQ:ARQ)

Diametric Capital LP trimmed its position in Arq, Inc. (NASDAQ:ARQ - Free Report) by 82.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,330 shares of the company's stock after selling 90,938 shares during the period. Diametric Capital LP's holdings in ARQ were worth $146,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ARQ. Wellington Management Group LLP purchased a new stake in ARQ during the 4th quarter valued at about $793,000. Brandywine Global Investment Management LLC purchased a new position in ARQ in the 4th quarter worth approximately $121,000. Arrowstreet Capital Limited Partnership bought a new position in ARQ in the 4th quarter valued at approximately $301,000. JPMorgan Chase & Co. boosted its stake in ARQ by 956.7% during the 4th quarter. JPMorgan Chase & Co. now owns 114,735 shares of the company's stock valued at $869,000 after purchasing an additional 103,877 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of ARQ by 32.3% in the 4th quarter. American Century Companies Inc. now owns 38,717 shares of the company's stock worth $293,000 after purchasing an additional 9,442 shares in the last quarter. 18.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ARQ

In related news, CTO Joseph M. Wong sold 6,596 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $4.68, for a total transaction of $30,869.28. Following the completion of the sale, the chief technology officer now owns 354,790 shares in the company, valued at approximately $1,660,417.20. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 20,588 shares of company stock valued at $96,352 over the last 90 days. 26.87% of the stock is currently owned by corporate insiders.

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ARQ Stock Performance

ARQ stock traded down $0.03 during trading on Monday, reaching $3.68. The stock had a trading volume of 127,278 shares, compared to its average volume of 264,782. The stock's 50 day moving average is $5.24 and its two-hundred day moving average is $6.08. Arq, Inc. has a 52 week low of $3.45 and a 52 week high of $8.26. The company has a current ratio of 2.89, a quick ratio of 2.28 and a debt-to-equity ratio of 0.08. The firm has a market cap of $154.74 million, a PE ratio of -364.50 and a beta of 1.46.

ARQ (NASDAQ:ARQ - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported ($0.03) EPS for the quarter, meeting analysts' consensus estimates of ($0.03). The business had revenue of $27.04 million during the quarter, compared to analysts' expectations of $28.34 million. ARQ had a negative net margin of 0.44% and a negative return on equity of 0.25%. During the same period in the prior year, the company earned $0.14 earnings per share. As a group, equities analysts anticipate that Arq, Inc. will post -0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their target price on ARQ from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th.

About ARQ

Arq, Inc is a holding company. It engages in the provision of environmental and emission control equipment to the power generation industry. The company operates through the following Segments: Refined Coal and Advanced Purification Technologies. The Refined Coal segment includes the Tinuum Group, Tinuum Services, and GWN Manager.