Wellington Management Group LLP Makes New $793,000 Investment in Arq, Inc. (NASDAQ:ARQ)

Wellington Management Group LLP acquired a new position in Arq, Inc. (NASDAQ:ARQ - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 104,745 shares of the company's stock, valued at approximately $793,000. Wellington Management Group LLP owned approximately 0.25% of ARQ at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARQ. Avanza Fonder AB acquired a new stake in ARQ during the 4th quarter valued at approximately $68,000. Intech Investment Management LLC acquired a new stake in ARQ in the fourth quarter valued at $89,000. SG Americas Securities LLC acquired a new position in ARQ during the 4th quarter worth $95,000. Brandywine Global Investment Management LLC acquired a new position in ARQ during the 4th quarter worth $121,000. Finally, Jane Street Group LLC raised its stake in shares of ARQ by 130.6% in the 3rd quarter. Jane Street Group LLC now owns 30,436 shares of the company's stock valued at $179,000 after purchasing an additional 17,240 shares in the last quarter. 18.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price objective on ARQ from $10.00 to $9.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th.

Insider Activity at ARQ

In other news, CTO Joseph M. Wong sold 6,596 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $4.68, for a total value of $30,869.28. Following the completion of the transaction, the chief technology officer now owns 354,790 shares of the company's stock, valued at approximately $1,660,417.20. This 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 link. Insiders have sold a total of 20,588 shares of company stock worth $96,352 in the last ninety days. 26.87% of the stock is owned by insiders.

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ARQ Stock Performance

Shares of NASDAQ:ARQ traded up $0.22 during trading on Tuesday, reaching $3.79. 237,740 shares of the company's stock traded hands, compared to its average volume of 262,124. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.89 and a quick ratio of 2.28. The company has a 50 day moving average of $4.81 and a 200-day moving average of $5.97. Arq, Inc. has a 12 month low of $3.40 and a 12 month high of $8.26. The stock has a market capitalization of $159.23 million, a P/E ratio of -379.00 and a beta of 1.46.

ARQ (NASDAQ:ARQ - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.03). The business had revenue of $27.04 million during the quarter, compared to analyst estimates of $28.34 million. ARQ had a negative return on equity of 0.25% and a negative net margin of 0.44%. During the same quarter in the previous year, the firm posted $0.14 EPS. On average, equities analysts expect that Arq, Inc. will post -0.13 EPS for the current year.

ARQ Profile

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.