Assenagon Asset Management S.A. Has $145,000 Holdings in Arko Corp. (NASDAQ:ARKO)

Assenagon Asset Management S.A. reduced its position in Arko Corp. (NASDAQ:ARKO - Free Report) by 83.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 20,649 shares of the company's stock after selling 101,124 shares during the period. Assenagon Asset Management S.A.'s holdings in Arko were worth $145,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARKO. Principal Financial Group Inc. acquired a new stake in Arko in the first quarter worth about $61,000. Vanguard Group Inc. raised its stake in shares of Arko by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,828,020 shares of the company's stock worth $21,820,000 after buying an additional 82,831 shares during the last quarter. MQS Management LLC acquired a new position in Arko in the first quarter valued at approximately $132,000. CM Management LLC boosted its stake in Arko by 18.0% in the first quarter. CM Management LLC now owns 720,000 shares of the company's stock valued at $4,104,000 after acquiring an additional 110,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Arko by 84.3% in the first quarter. Gamco Investors INC. ET AL now owns 98,385 shares of the company's stock valued at $561,000 after acquiring an additional 45,000 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Arko Trading Down 1.2 %

Shares of Arko stock traded down $0.08 during trading on Monday, hitting $6.58. 240,594 shares of the company were exchanged, compared to its average volume of 362,025. The firm has a market capitalization of $761.77 million, a P/E ratio of 25.31 and a beta of 0.47. The firm's fifty day moving average price is $6.67 and its 200 day moving average price is $6.12. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.58 and a quick ratio of 1.06. Arko Corp. has a 1-year low of $4.09 and a 1-year high of $8.42.

Arko (NASDAQ:ARKO - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.41 billion. Arko had a net margin of 0.39% and a return on equity of 13.12%. During the same period in the previous year, the company posted $0.11 EPS. As a group, sell-side analysts expect that Arko Corp. will post 0.31 earnings per share for the current fiscal year.

Arko Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, August 19th. This represents a $0.12 annualized dividend and a yield of 1.82%. Arko's dividend payout ratio is presently 46.15%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company increased their price target on Arko from $5.00 to $6.25 and gave the company an "equal weight" rating in a research note on Thursday, August 8th.

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.