Gamco Investors INC. ET AL Acquires 94,685 Shares of Arko Corp. (NASDAQ:ARKO)

Gamco Investors INC. ET AL raised its stake in shares of Arko Corp. (NASDAQ:ARKO - Free Report) by 101.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,830 shares of the company's stock after buying an additional 94,685 shares during the quarter. Gamco Investors INC. ET AL owned about 0.16% of Arko worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Cannell Capital LLC grew 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 purchasing an additional 971,158 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Arko by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,801,212 shares of the company's stock valued at $12,647,000 after purchasing an additional 14,623 shares in the last quarter. CM Management LLC grew its holdings in shares of Arko by 2.9% in the fourth quarter. CM Management LLC now owns 1,050,000 shares of the company's stock valued at $6,920,000 after purchasing an additional 30,000 shares in the last quarter. Bank of New York Mellon Corp grew 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 purchasing an additional 148,269 shares in the last quarter. Finally, JPMorgan Chase & Co. grew 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 purchasing an additional 399,387 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered shares of Arko from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $8.50 to $7.50 in a research note on Thursday, February 27th.

Arko Trading Up 0.8 %

Shares of NASDAQ:ARKO traded up $0.04 on Thursday, hitting $4.26. 115,787 shares of the company's stock were exchanged, compared to its average volume of 469,570. Arko Corp. has a 12 month low of $3.51 and a 12 month high of $7.84. The stock has a market capitalization of $492.61 million, a price-to-earnings ratio of 26.59 and a beta of 0.68. The business's 50 day simple moving average is $4.60 and its two-hundred day simple moving average is $6.08. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.03 per share. The ex-dividend date was Monday, March 10th. This represents a $0.12 annualized dividend and a dividend yield of 2.82%. Arko's dividend payout ratio (DPR) is 92.31%.

About Arko

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.